Yeah, I Said It… (Saudi Day of Rage Edition)
- Joshua M Brown
- March 10th, 2011
I gave you guys the heads up on this last week when I posted this preview of the Saudi Day of Rage at Barry's site and on Forbes.
My current thinking is that since the protesters aren't actually talking overthrow and the Saudi ruling class is more organized than the putz in Libya, this will ultimately die off without much fanfare - but it's too early to say definitively.
Oil and oil stocks caught a bounce, like Rocky getting off the mat after an 8 count says my friend Greg Harmon. We'll see how much staying power the bounce has, especially if nothing is set on fire or whatever.
I'll use the space below to throw any headlines I find interesting as events unfold in Angrytown...
Saudi police broke up the first protests held at dusk: "The witness, a local activist, sent pictures of the evening scene that also showed casings from live ammunition, but the use of live rounds could not be confirmed." (LA Times)
and the Wall Street Journal has some video up of the protesting on their Dispatch blog...good stuff. (WSJ)
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.