I think is it very clear. If you look at what the SML, MID and the all the Russells did today, you will notice they all closed down with strength or made a good looking reversal. Contrary to what the major indices showed. As the day wore on only the Dow kept it's cool. Both the SPX and NQ were losing throughout the afternoon. Earnings are already priced in the market, and all small caps are starting to turnover. I would not be surprised if tomorrow we end up having a Friday to remember..... Just my very humble opinion of course.....
After hearing about the various government agency testimonies about al-qaeda's 20 very small nuclear weapons already here in the US, I would not be surprised by anything any more in this world. Osama's plan to take out 20 American cities all at the same time and kill 4 million {1/2 children per his written directive} people is nothing to laugh about. I am glad Israel nabbed the terrorist in Ramalah with the small radiological bomb device in his backpack several years ago or we might have been dealing with this already firsthand.
Sad how very important under-reported information is so unknown to many--------- I guess parts of the US media do not like to talk about some of the worlds realities. This is only part of the story-------------- October 26, 2001 4:55 AM ET RICHARD SALE UPI Terrorism Correspondent United Press International, October 14, 2001 WASHINGTON, Oct 14, 2001 (United Press International via COMTEX) -- Israeli security last month arrested a man linked to suspected terrorist mastermind Osama bin Laden armed with a radiological backpack bomb, as he attempted to enter Israel from the Palestinian Territories via a border checkpoint at Ramallah, according to U.S. government officials. The arrest took place during the last week of September, according to one knowledgeable official who spoke on condition of anonymity. He declined to give the exact date of arrest. Two other sources interviewed by UPI confirmed the incident, but also declined to give further details. "People know how to walk a dog back," one said, meaning that relating too exact an account could lead to the identification of the source of the information. Regarding the arrest, a U.S. government official said: "There was only one individual involved. He was from Pakistan." Another source said U.S. officials believed that the suspect had probably gotten to the territories via Lebanon. Information on the arrest went immediately to U.S. President Bush and a close circle of advisors, another U.S. official said. He described the appearance and character of the top-secret report circulated among the Cabinet members and signed by each official present. Former Pentagon terrorism expert, Peter Probst, described a radiological bomb as a device with a small explosive core that is encased in radioactive material. "It would not kill a great many people, but it would contaminate a considerable area with radiation," he said. A U.S. government expert said that the weapon captured by Israel was a backpack device that CIA officials learned about through Russian intelligence agents in place in 1995. He emphasized it was not a so-called nuclear suitcase bomb. The CIA had intelligence reports from senior Arab intelligence officials alleging that in October 1998 bin Laden had obtained one or two nuclear suitcase weapons from a Central Asian republic in return for $30 million in cash and two tons of heroin worth $70 million - a deal brokered by the Chechen mafia. Russian Gen. Aleksandr Ivanovich Lebed, a former national security advisor to then-President Yeltsin acknowledged publicly in 1997 that several nuclear suitcase bombs had disappeared from Russia's arsenal. But former CIA counter-terrorism official Vince Cannistraro has no patience with such accounts: "All talk of bin Laden having a nuclear suitcase bomb is crap," he said. Cannistraro could not be reached for comment about the backpack device. Nuclear suitcase bombs were designed for Soviet Speznatz or special operations troops to assault and destroy NATO command and control bunkers in Europe in the event of a NATO-Soviet war. The devices could not be detonated without matching codes held in strictest security by Moscow, a former CIA official said. Backpack bombs have no such codes, but they were also designed for Spetznetz forces and have such an intricate and complex system of activation that the ability of a terrorist to detonate one "would be incredibly limited," according to one U.S. government official. "There is such a complicated sequence you have to perform that some terrorist isn't going to be able to get it to work. You have to be very highly trained," an intelligence official agreed, describing the chances that the device could have been activated as "practically miniscule." Probst is nevertheless convinced that radiological bombs are still a danger for New York City. "Bin Laden is fascinated by Wall Street. My fear is that he will attempt to smuggle in some "dirty" bomb that wouldn't kill many people but would dangerously contaminate the area," he said. Copyright 2001 by United Press International.
Russel has lead the way up and the Russel seemed to arch and rollover down ahead of the Dow today. Interesting set-up for tomorrows trading indeed. Tomorrows news could be our catalyst for a possible profit taking day.
There is no way the 20 small nukes is accurate. You don't think tthey would have used at least one by now if they had them? Besides if that happened I hate to say it but the warranted reaction would probably be full scale invasion of the mideast by the western world and an impostion of martial law on the whole area. That is if we could stop the hawks from nuking the place.