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To: Les H who wrote (5818)	2/15/2003 11:22:39 AM
From: Les H	Read Replies (1) \| Respond to of 29595

The doves fly from Blix's hat forexnews.com There were some rather misguided explanations by several market pundits explaining today's 2% rallies in the major US equity indices. Those explanations centered around the argument that US Secretary Powell's rebuttal speech at the Security Council convinced traders that the US case for war remained very much alive despite Hans Blix's assessment demand of more time. On the contrary, markets rallied on Friday due to the fact that the possibility of war was dealt a severe blow from a widening anti-war opinion within the 15-nation Security Council. At least 5 nations argued that the inspectors must be given more time (Germany's Fischer), inspection process is working (China's Jiaxuan), The use of force against Iraq is not justified today; there is an alternative to war (France's Villepin), "The inspectors must continue their inspections (Russia's Ivanov), consequences of a war far outweigh its benefits" (Angola's Martins) and French ideas for boosting inspections will be an element of an overall strategy of the Security Council geared towards achieving the disarmament of Iraq" (Bulgaria's Tafro). more at link.