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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (12301)	4/21/2004 8:31:47 AM
From: re3	Respond to of 110194

Two Killed in Explosions in Saudi Capital 9 minutes ago By ABDULLAH AL-SHIHRI, Associated Press Writer RIYADH, Saudi Arabia - Explosions severely damaged the headquarters of Saudi security Wednesday, killing two people and injuring dozens, a police official said. Initial reports indicated the blasts came from at least one car bomb. AFP Slideshow: Suicide Bombing in Saudi Arabia The explosions rocked the Saudi capital just days after a U.S. warning of possible terrorist attacks. At least one of the explosions was in the vicinity of the General Security building, which is affiliated to the Interior Ministry, in al-Nassiriyah neighborhood in central Riyadh, the witnesses said. Clouds of black smoke rose from the site and settled over the neighborhood, and security forces evacuated surrounding buildings. Firefighters worked to extinguish the blaze that engulfed the General Security building. More than 20 ambulances rushed to the scene and two helicopters patrolled above. Witnesses said the blasts, which occurred about 2 p.m., shattered windows and damaged walls in nearby buildings. The explosions came only days after Saudi authorities announced they had seized three booby-trapped SUVs that were loaded with a total of more than four tons of explosives and had apparently been abandoned by militants involved in a shootout with security forces. The United States last week ordered the departure of nonessential U.S. government employees and family members from Saudi Arabia. It also urged private citizens to leave the kingdom, and the U.S. Embassy in Riyadh issued an advisory warning of "credible indications of terrorist threats aimed at American and Western interests in Saudi Arabia." Last year, the Saudi capital suffered two major attacks by suicide bombers driving vehicles filled with explosives. A total of 51 people were killed in the May and November bombings, including the assailants. The Saudis pursued terrorists and Islamic extremists vigorously after those attacks, arresting hundreds of people. The attacks were blamed on Osama bin Laden (news - web sites)'s al-Qaida, the network accused of masterminding the Sept. 11, 2001, strikes in the United States.

To: Wyätt Gwyön who wrote (12301)	4/21/2004 9:18:43 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

The aspect of this market ithat is shocking is the extent that the cogniscenti take their cues from the words of the MoP. It's as if they need to hear from the Wizard of Oz himself, that there's "pricing power" (no doubt the new toned down scam code word for "harmless" inflation) to take action: bunch of robots. Obviously the speculative trade has been getting flushed out of the commodity carry trade too. It's the same playbook thing, of waiting for words of "insight" from the Wizards. In this case they just ignore the fundamental acute physical shortages that have developed, and just hit the sell button. I guess there really isn't that much of a dedicated crack up boom or flucht in die sachwerte crowd in these trades, other than perhaps gold? It's largely just speculative momo types, and that makes it very volatile. This lack of independent thinking is so wide spread and pervasive, that even a interest rate bear like me must admit that certain sides of the trade may be getting heavy in the short run. Of course the carry trade bulls in notes and bonds are so leveraged, that anything could happen. As of this morning though I've covered about 75% of my June and Sept ED short. I had sold 2/3 my July copper on the move from 126.90 to 132.50, but I'm going to scale back in down here. I'm also going to buy NTO if it washes out (below 2.40) this morning. The mid tier mining companies have crashed, and are incredible bargains now.