financ. terrorists dragging stock markets down, page-6

your are in the correct direction anatol. I think Australia will withstand the major finance problems. The US had major banking problems that caused closing major banks. This will occur in the EURO finance area.

Bob

2010-05-20
The Australian bond market closed firmer as investors moved into safe-haven assets in the wake of Germany's decision ban naked-short selling.
At 1630 AEST, the yield on the Commonwealth Government April 2020 bond was 5.403 per cent, down from Wednesday's close of 5.434 per cent, while the May 2013 bond was at 4.790 per cent, down from 4.824 per cent.
On the Sydney Futures Exchange, the June 10-year bond futures contract was at 94.600, up from Wednesday's close of 94.565, while the June three-year bond futures contract was 95.160, up from 95.120.
Investor's bought safe-haven assets like bonds after uncertainty lingered on global markets for a second day following a move by Germany's financial regulator to ban naked short selling on Tuesday.
Naked short selling - when a trader has yet to find another party - was cited as a factor in the turbulence on world markets during the 2008 financial crisis.
"Bonds have rallied mostly on European issues," Nomura Australia chief economist Stephen Roberts said.
"The concerns are the lack of resolution to the problems there could cause a feedback loop (and harm) economic growth."
Mr Roberts said economic fundamentals were still quite strong across the world and that investors were reacting to uncertainty rather than bad data.
During the offshore session in the US, the Philadelphia Federal Index for May is due.
The index measures changes in business outlook for future growth.
The median market forecast is for an index reading of 21.5, down from 24.0 in April but still above the zero level that separates expansion from contraction