The market wanted a Dubai bailout and it got it - shhhh stop crying. So basically now any time a sovereign debt issue comes up it is not a problem - a bailout will be announced and everyone can go on there merry way.
There is some excitement in the natural gas space today as XOM is buying XTO - this is an interesting data point - shows the importance of natural gas in the future.
Nothing else to really report this AM
JB
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