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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: CAtechTrader who wrote (7578)10/12/2000 11:41:24 AM
From: T L Comiskey  Read Replies (1) | Respond to of 65232
 
Update on the Navel Blast..........

Oct. 12 — Four United States sailors are dead, 36
injured and 12 missing after a possible terrorist
attack today on a United States Navy destroyer in
the Middle East port city of Aden.
A large hole was
blown in the side of the
USS Cole during a
refueling stop at a facility
in Aden, Yemen, the U.S.
Navy has confirmed.
Details of the incident
are still sketchy, and no
one has claimed
responsibility for the
attack, U.S. officials said.
A Navy spokesman
confirmed an inflatable
rubber Zodiac boat was seen alongside the vessel and that a
blast had caused extensive damage. Yemeni officials
declined to comment.
“At 12:15 Bahrain time the USS Cole was conducting
refueling in Aden when there was an explosion,”
Lieutenant-Commander Daren Pelkie, spokesman for the
U.S. Navy’s Fifth Fleet, which is based in Bahrain, said by
telephone.
“An eyewitness saw a boat run into the side of the ship
causing the explosion,” he said.
The Zodiac is believed to have been assisting in the
refueling by helping to gather up the mooring lines of the
USS Cole, Pentagon officials said.
Pelkie said the explosion caused a 20-foot by 40-foot
gash in the port (left) side of the ship along the waterline.
Flooding on the ship was reported to be contained and there
were no reports of fire.
Thirty-six sailors were injured and 12 were still missing
in the aftermath of the blast. U.S. Navy officials said the
captain of the USS Cole was alive and fine. There were
about 320 sailors on board the ship.
The USS Cole is the only Navy warship currently tasked
to patrol the Red Sea, officials said. The Navy has ordered
all other ships now in the Middle East put out to sea.

Clinton ‘Horrified’ by Loss of Life
U.S. President Bill Clinton has issued orders to do everything
possible to find out what happened.
The FBI has already dispatched a team to the site of the
attack, Attorney General Janet Reno said today. A Marine
Corps anti-terrorism team is also en route.
Clinton was informed of the explosion at 7:18 a.m. ET.
Clinton notified Defense Secretary William Cohen at 7.30
a.m. ET.
Clinton said he was horrified by the incident.
Secretary of State Madeleine Albright urged caution,
saying the nature of the incident is still unknown. “It is a
great tragedy,” she said. “If it is a terrorist attack, we will
take appropriate steps, but I urge caution.”
The Virginia-based destroyer, which is armed with
conventional missiles and torpedoes, was in Aden while on a
refueling stop from the Red Sea to Bahrain.
The stop was only scheduled to last between 4 and 6
hours.
The Navy has issued an information line,
1-800-368-3202, for the families of the sailors.



To: CAtechTrader who wrote (7578)10/12/2000 2:01:44 PM
From: Voltaire  Read Replies (1) | Respond to of 65232
 
Hi CT,

don't know exactly but something to the effect of get out of all stocks and get ready for a fall to 1700.

Yep, we are going to roll right off that old cliff and THE HOUSES will look at themselves and say - Gee how did this happen, I wish there was some way we could have controlled this.

CNBC makes me sick with their dramatics.

No fear here.

V