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To: tdl4138 who wrote (27833)8/16/1998 11:55:00 AM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 95453
 
Iraq Rebukes US on Threat of Force

BAGHDAD, Iraq (AP) - Iraq rebuked the United States on Saturday for threatening to use force over the issue of weapons inspectors, saying America was not the world's policeman.

The spokesman accused the United States of using ''the law of the jungle in dealing with one of the founder members of the United Nations,'' the official Iraqi News Agency reported.

''If the crisis is between Iraq and the United Nations, who authorized the U.S. government to threaten to attack the Iraqi people? Who appointed the American government as an international police force?'' asked a spokesman for the Information and Culture Ministry.

On Friday, U.S. Secretary of State Madeleine Albright told Iraq's government to resume full cooperation with U.N. weapons inspectors because ''there will be no sanctions relief if we can't have inspections going on.''

Iraq suspended cooperation Aug. 5 after the chief U.N. inspector, Richard Butler, said he could not certify that Iraq had eliminated all its weapons of mass destruction, as required for the lifting of the sanctions imposed after Baghdad's forces invaded Kuwait in 1990.

''Let me ... make clear,'' Albright said, ''if necessary we will use force on our timetable in response to threats, and at a time and place of our choosing.''

The Iraqi spokesman said the U.S. threats were ''futile.''

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To: tdl4138 who wrote (27833)8/16/1998 12:07:00 PM
From: Crimson Ghost  Respond to of 95453
 
Dave: We are on the same wavelength marketwise. I would only add that if the OSX goes down less than the market in the September selloff as I expect, the ensuing rally probably will be extremely strong -- 30%+ by year-end.



To: tdl4138 who wrote (27833)8/16/1998 12:54:00 PM
From: wolfdog2  Respond to of 95453
 
Dave, I think in analysing the market, you need to keep in mind that we have already had a melt down in the oil and gas sector. I think these stocks should fare better then stocks in sectors where there hasn't been a serious correction as of yet. I think one can start nibbling on these stocks, especially ones that have had large volume reversals.

Ken



To: tdl4138 who wrote (27833)8/17/1998 8:44:00 AM
From: Wallace Rivers  Read Replies (1) | Respond to of 95453
 
To confirm this thinking, someone stated somewhere on SI that we have gone from the "buy on the dips" mentality to the "sell the rallies" mentality.