I think it is going to be another flat week...Hong Kong closed on Monday, US closed on Wednesday. Polls show balanced view between bulls and bears...
U.S. Fears al Qaeda Summer Terror Spectacular By News Admin | July 1, 2007 A secret U.S. law enforcement report, prepared for the Department of Homeland Security, warns that al Qaeda is planning a terror âspectacularâ this summer, according to a senior official with access to the document. âThis is reminiscent of the warnings and intelligence we were getting in the summer of 2001,â the official told ABCNews.com. ABC News is reporting U.S. law enforcement officials received intelligence reports two weeks ago warning of terror attacks in Glasgow and Prague, the Czech Republic, against âairport infrastructure and aircraft.â The warnings apparently never reached officials in Scotland, who said this weekend they had received âno advance intelligenceâ that Glasgow might be a target. Officials in Germany have publicly warned that the country could face a major attack this summer, also comparing the situation to the pre-9/11 summer of 2001. However similar warnings have not been issued to the American public. Several potential threats have been reported on National Terror Alert including: ___________________________________________________ I think 1503,1500 hold in the S&P and we trade choppy all week. Unless something happens, as rumors float that a attack is to be played out in mulitpul cities with conventional bombs. Not just Cities but also smaller rual areas. This is a report released by International Intelligence agencies and now is being leaked to the press. The last few terrorist attacks abroad, the market has rallyed...in a strange twisted fate. However, if we are attacked as described, I think it will bring back the notion of a deeper and wider war in the middle east, oil spike and Fear which will cause a serious volititle market, with wild swings, and a key reversal move. IMHO