[gilleshk]

Originally Posted by Load Toad

I have seen no evidence of a recovery and don't expect to see any now for another year at least.

Just because your industry is still hurting it's certainly not a fair basis to say there's no sign of recovery.

The fact is that the stock and property market have recovered a lot, companies are issuing IPO, lots of positive economic data coming through.

Have we fully recovered? Of course not! But the world is still in a much better place than it was 12 months ago and it will most likely be in an even better place 12 months from now...

One guarantee you can always make is that the market will drop and another is that the market will go back up... It doesn't take a genius to make either prediction...

[Load Toad]

My 'industry' supports several industries - and I don't take fudgers fecking around shifting money to be a recovery. I'm only concerned with people, jobs and stuff getting made, adding value and selling it.

[gilleshk]

Well if you can't look further than between your legs...not much can be done I guess

[Load Toad]

What the phuq are you on about gilles? Started early on the gin matey?

[TigerSun]

Originally Posted by Raccon

It's one company that is likely to be backed by neighbor emirates but investors panic and sell anything related to gulf companies / states. Not a sign that there is no recovery, instead it just proves that investors are more affected by psychology than making decision based on hard facts.

Yeah, nothing to worry about, only one company.
Sure the company is actually owned by the government and has financed some of the world’s largest and most ridiculous developments in a little shiekdom whose greatest asset is sand.
The debt is a paltry 50 billion US. And heck, the Dubai government debt is only 82 billion US. No problemo.
So what if British firms are heavy into Dubai and Dubai owns firms like P&O, QE2, TraveLodge etc? Dubai Bourse only owns 20% of the London stock exchange. Closer to home, HSBC only has $17 billion US exposure in Dubai.
After all, its only one company...

[PDLM]

Seems to have been a bit of a one day wonder - I'm sorry I didn't buy a load of stuff this afternoon now. Europe's back green this morning.

[gilleshk]

Originally Posted by PDLM

Seems to have been a bit of a one day wonder - I'm sorry I didn't buy a load of stuff this afternoon now. Europe's back green this morning.

I bought moderately on the chance that it keeps going down for a few more days then I'll buy more on Monday and Tuesday..

[kostas]

Bye-bye Dubai Big Lychee

[Dreadnought]

Originally Posted by Raccon

...it just proves that investors are more affected by psychology than making decision based on hard facts.

Congratulations on coming to terms with reality! Better late than never I suppose.

[Wheat]

Originally Posted by kostas

Bye-bye Dubai Big Lychee

I thought we already bye-byed Dubai a year ago.