Phew ... I’m Glad that’s Over ...

Thank goodness the Dubai default fiasco is finally behind us. A couple days of global market chaos is enough. Now we can go back to our normal routines – buying dips and selling dollars.

For a second there Jack got me a bit worried. All that talk of hold-on-to-your-hats-thiscould- get-crazy. I mean: sovereign default? Contagion? Sustained risk event? Really?