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To: Jim Willie CB who wrote (46092)	1/9/2002 5:12:27 PM
From: Dealer	Respond to of 65232

I predict that Naz will be flat----I Agree then go down some------I Agree then go up--------I Agree and then do it all over again......trading range. dealie (playing the guessing game)

To: Jim Willie CB who wrote (46092)	1/9/2002 5:19:16 PM
From: Sully-	Respond to of 65232

LOL! Thanks for the crystal clear guidance Jimmy brown paper ;-)

To: Jim Willie CB who wrote (46092)	1/9/2002 7:28:13 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Senate Committee hearing scheduled Jan 24. Will Lay ever appear? guardian.co.uk Senate demands Enron documents Committee to examine energy firm's links with White House David Teather in New York Guardian Thursday January 3, 2002 Connections between the White House and the ill-fated energy business Enron could come under scrutiny from yet another investigation started into the spectacular collapse of the company. A division of the senate governmental affairs committee yesterday said it intends to demand documents next week and scheduled a hearing on the affair for January 24. Senator Joseph Lieberman, the Connecticut Democrat who chairs the committee, said the investigation would focus on federal and corporate watchdogs' failure to prevent the swift downfall of the firm. "Enron's unexpected collapse raises some troubling questions that the governmental affairs committee will be asking," Mr Lieberman said. He maintained that the hearings would not degenerate into a witch-hunt to establish ties between the Bush administration and Enron. Kenneth Lay, the Enron chief executive, was a significant contributor to President Bush's election campaign, and is a family friend. But Mr Lieberman said he could not rule out the committee examining Enron's links to the government. "It's a matter of public record that executives of Enron had close relationships with people who are now in the Bush administration," Mr Lieberman said. Mr Lay, he said, "played an active role in the formulation of energy policy by the Bush administration. We've got to ask whether the advice rendered was at all self-serving." Enron, which had been among the top flight of Wall Street firms, made the largest bankruptcy filing in US his tory following the failure of a rescue takeover by rival Dynergy. The events stunned both investors and workers at the Houston, Texas-based company alike. The inquiry will examine whether the collapse of Enron was a regulatory failure or whether management of the company was wholly at fault. Mr Lieberman said he hoped to establish why senior executives were able to sell shares ahead of the collapse while workers were prevented from doing so. Thousands of Enron employees lost their jobs as well as much of their savings. The Enron pension plan made many heavily dependent on Enron shares to provide for their retirement. "Why did the company prevent its own employees liquidating company stock to salvage what was left of their family nest eggs?" Mr Lieberman asked. Documents from Enron's board of directors, other top executives and auditors will be demanded. The investigation will also explore how Enron used offshore entities and its complex web of business partnerships. Enron and its executives are already under examination by the market-regulating securities & exchange commission, the departments of justice and labour and four other congressional committees. Mr Lay has so far declined invitations to testify at two hearings held in December and it remains unclear whether he will be asked to give evidence in the latest hearing. The dramatic end of Enron has thrown the spotlight on the accounting profession - Andersen audited Enron - and analysts on Wall Street for their provision of reliable information to investors.

To: Jim Willie CB who wrote (46092)	1/10/2002 3:37:16 AM
From: stockman_scott	Respond to of 65232

A Good explanation of the very confusing VIX indicator... sandspring.com

To: Jim Willie CB who wrote (46092)	1/10/2002 4:13:16 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Arafat's Implausible Denials By WILLIAM SAFIRE January 10, 2002 The New York Times WASHINGTON -- The radical Islamic ayatollahs of Iran were responsible for dispatching the shipload of 62 rockets and antitank missiles, along with 1,400 mortar shells, to their proxy warriors in the Middle East. Included were 3,000 pounds of powerful new C-4 explosives to be used by suicide bombers against civilians. The clear purpose of the 50 tons of Iranian arms, intercepted by Israeli commandos last week, was to help Yasir Arafat's coalition of terror win Iran's undeclared war on Israel. While the U.S. and Israel have for a decade been deluding themselves with a "peace process," Iran and its Palestinian proxies have been gaining ground in their war process. Caught red-handed, Arafat is denying any knowledge of what his chief lieutenants and other terror partners have been doing. His pretense of innocence calls to mind Chico Marx's line to a husband when caught in bed with the man's wife: "Who you gonna believe, me or your own eyes?" The arms were marked in the Iranian language, Farsi, loaded aboard just off Iran's shoreline, packed in watertight containers to be transferred to small boats and floated ashore in Gaza. The ship, the Karine A, was purchased by the Palestinian Authority's chief arms buyer for $400,000 14 months ago, just after Arafat rejected President Bill Clinton's Camp David offer and launched his terror campaign. The Karine A's captain, Omar Akawi, a loyal officer in Arafat's naval smuggling operation, promptly confessed the damning details of the purchase and transport of the weaponry, giving the lie to the terrorists' initial denials. He told reporters he thought the mission would be aborted after Sept. 11, especially after Arafat's "order" last month to end bloody bombings, but when his Palestinian boss last spoke to him from Greece, no such change of orders came. This proves to all but the most determinedly blind that the Iran-Arab terror coalition, even with Osama bin Laden's operation routed, has every intention of winning its war. What brought the radical Persians and Palestinians together? After all, Arafat sided with Saddam Hussein in the long Iran-Iraq war in the 80's, and was Iraq's cheerleader in the short U.S.-Iraq war a decade ago. Following Saddam's Persian Gulf war defeat, Arafat switched his allegiance to Iran. The ayatollahs then armed Arafat's Hezbollah allies in Lebanon and became what the U.S. State Department last year labeled the most active state sponsor of worldwide terrorism. European leaders are embarrassed because they recently gave Palestinians millions to feed the starving ? and now find that their money went for C-4 explosive to kill the innocent. (Actually, Europe's diverted funds went a long way; thanks to Iranian subsidy, for only $10 million Arafat received arms valued at nearly five times that.) More central to America's security, however, is the strategic reality revealed by the capture of the Karine A: Tehran has again shown itself to be the world arsenal of terror. Iran's ayatollahs have been escalating their sponsorship of terrorist war, yesterday on the "Great Satan" of America, today on Israeli Jews, tomorrow on the whole non-Islamic world. Iran's Hashemi Rafsanjani reminded us recently of the glorious day "when the Islamic world acquires atomic weapons." He acknowledged that in a nuclear exchange the nations of Islam would suffer damage, but only one great nuclear blast "would destroy Israel completely." Two terrorist-sponsoring nations are racing to acquire nuclear weapons. One is Iraq, whose scientists already have the know-how. The other is Iran, whose nuclear development is being recklessly aided by President Vladimir Putin of Russia, despite feeble American protests. Both Iran and Iraq have restive populations longing for freedom from political and religious repression. In conversations over the years, the Israeli leaders Yitzhak Rabin and Ariel Sharon have said they thought radical Iran would be the greater danger; Americans like me consider Saddam's threat more immediate. Iranians and Iraqis require liberation before their dictators gain nuclear superpower. Target practice against terrorists in Yemen or Somalia may buy Washington time, but George Bush's big decisions are (1) how quickly we pre-empt before being forced to retaliate, and (2) which major terrorist sponsor comes first. Saddam is in the lead, but the militant ayatollahs are closing fast.