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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (8675)7/5/2004 7:34:11 PM
From: 8bits  Read Replies (2) of 116555
 
If you consider that through much of the late 70s and early 80s a barrel of oil was almost the same price it is now and that the S&P 500 and Dow were almost 1/10th the of current prices, I think it's very possible for the Saudi's to have purchase enough equity in the US stock market to now be worth 1 Trillion dollars. The cozy relationship between the House of Saudi and the US really began in the late 1970s.

So your timeframe for the Saudi's to purchase and now hold 1 Trillion of US Equites get's substantially reduced.

Another thing to note is that for past 3 decades when there have been oil spikes that's usually been one of the better to put money into the market. Not that the Saudi's would ever do that to the US. :)
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