The Egyptian Army is a Paper Tiger

Yes, the Egyptian Army is equipped with a vast array of American weaponry, but Israel has no need to worry. The USA only allows Egypt a few day’s supply of ammo and spare parts, according to Eric Margolis.

Of course, being on the wrong end of an onslaught of such an army for “only a few days” wouldn’t be a picnic. But I’m guessing that an Egyptian attack on Israel is not very likely no matter how crazy the next regime may be.

Could the Egyptians build their own ammo and spare parts? I doubt they would be able to keep their American jets flying for very long without extensive outside help, but they do build the American M1A1 battle tank themselves under license. I couldn’t find much information on this, but according to this page, only 40% of the M1A1 parts are made at the Egyptian plant, with the rest being imported from the USA.

Another factor in Israel’s favor is that the Arabs are counting on the Israelis to help them fight off the Persians. If Iraq becomes an Iranian satellite after the USA is gone, then all of a sudden both Saudi Arabia and Kuwait will be effectively sharing a land border with Iran. Look at the maps: Saudi Arabia, Kuwait.

Will Iraq fall to Iran? Some observers think so. Muqtada al-Sadr, who was hiding out in Iran, recently returned to Iraq. Only three years ago, Iraqi troops were cracking down on Al-Sadr’s Mahdi Army in Basra.

36 Responses to “The Egyptian Army is a Paper Tiger”

  1. George says:

    I can’t believe the U.S. is allowing the M1A1 technology to be used by someone else!

    What are they thinking? Surely they left out the firing pin on the guns or something.

    Talk about putting your own troops in harms way. What we’ll do to make a buck.

    I still say that if the Middle East cuts us off from their oil, we cut them off of our food.

    Food is a bigger motivator than oil.

  2. George says:

    Well, there you go… another blast to the top. It doesn’t get any better than this where the trend is so well defined.

  3. phil says:

    g

    200% long from open

    selling 1/2 here

  4. phil says:

    g

    notice dollar up …stocks up…..

    little correlation between dollar and stocks long term

    as i mentioned… dollar up ..stocks up is more common

  5. phil says:

    bonds starting to rally

    selling 50% of long stock

    now 50% long

  6. phil says:

    SPX next target 1367

    then eventually 2300

  7. George says:

    TBT looking good.

  8. George says:

    P

    Agree with the targets as long as all goes to plan; even then, it will be hard stopping this bus.

    Do you think this latest market boost is due to folks getting out of bonds? Looks like they have jucier profits in the general market.

  9. George says:

    Bond market evacuees + QE2, and maybe 3, = higher market.

  10. phil says:

    g

    sold most of my TBT this morning on gap up..

    still have 20% left

    i am more interesting in buying bonds soon and dumping all my TBT

  11. George says:

    p

    So you’re thinking this move on TBT is only temporary? The weekly is looking strong right now.

  12. phil says:

    bonds look like 5 waves down

    bonds now hated

    i want to buy bond smashes now..

  13. George says:

    Gotcha

  14. George says:

    VIX has reached a support area, the previous low in January at around 15.90. The low prior to that was 14.90. So if it loses this support area, more upside to the market.

  15. George says:

    That 14.90 low should read 14.40.

  16. George says:

    The bigger the dip, the more merrier the dip-buyers. SPY now showing some possible weakness on the 15min. Oxymoron, SPY and weakness. :)

  17. phil says:

    bought this dip

    now 100% long

  18. junglegirl says:

    Hi everyone!

    Popped in to say watch out for an upcoming triple fan-line break. Remember those from 2008? Using the 666 low, if we run the first fan-line through 869, the second one through 1044, and the third one through 1010, it’s interesting to note that the second line approximately bisects the angle formed by lines one and three. Won’t take too sizable of a drop to break the third line (of course, no drop of more than 5 pts has been allowed for an eternity… lol). Right now, 1230 or so would do it, and the line is rising. GLTA. See ya later.

  19. 2thfixr says:

    1230? Good God JG, I doubt we’ll see <1300 for months if not years.
    ;-) This market only has one direction: UP. It is a GREAT levitation act though–better than any magician in Vegas!
    Thanks for stopping by and giving an update though–I appreciate it, and look forward to your insights when you do give them.

  20. 2thfixr says:

    Oh, and did I mention, it isn’t Turnaround Tuesday, it is Turn It UP Tuesday? :-)

  21. George says:

    Hi JG. I’m trying to re-create your fan lines.

    Turn it UP Tuesday? You got that right, 2th.

    Here’s SPY’s daily with the upper trendline connecting the previous two swing highs. Maybe a little more to go to the upper trendline.

    http://i52.tinypic.com/2ez30pu.jpg

  22. George says:

    Didn’t take long to turn green. :mrgreen:

  23. George says:

    Financials leading the way. SPY ready to make intraday double tops.

  24. George says:

    SPY still not to the upper trendline. Not far to go though. That could be a good place to back off for a correction – actually, at any time now.

    http://i56.tinypic.com/ke7kh3.jpg

  25. George says:

    SDS hasn’t beat yesterday’s all-time low – yet. SKF (financials inverse) has made an all-time low today.

    The juice keeps building.

  26. George says:

    SPY hit intraday tops, now to see if it will find support to make another attempt. I’m sure the dip-buyers will give it a try.

  27. phil says:

    g

    bought am dip @ 1317

    target was 1223

    sold 1222

    a/d line weak

    volume weak

    360 million traded….nyse
    citicorp volume 220 million……un believable george….

  28. phil says:

    target was 1323 (typo)

  29. phil says:

    selling more TBT into this surge …only 10% left

    preparing to buy bonds soon

  30. phil says:

    G

    $ TNX 38.88 is my initial buy target

  31. George says:

    p

    Nice going. Talk about a bubble!

  32. George says:

    MOAR coming soon… as soon as SPY hits that upper line.

  33. George says:

    Upper line hit as far as I can tell with these old eyes.

  34. phil says:

    new target

    SPX 1330 but its looking like we are on fumes

  35. George says:

    Here’s the updated SPY chart. I wouldn’t want to be a buyer at EOD.

    http://i53.tinypic.com/155jg1u.jpg

  36. George says:

    p

    That wall of worry can keep it going on pinto beans. :)