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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (26275)1/26/2003 1:41:02 PM
From: Paul A  Read Replies (1) | Respond to of 30712
 
Wireless internet anyone?

If anyone is currently using a palm or other such device, I would GREATLY appreciate it if you could drop me a message with recommendations/opinions..

I am in desperate need of a reliable PDA, but unfortunately this seems to be a more difficult task then trading stocks : )

I purchased the blackberry device from Earthlink, but unfortunatley earthlink dosnt give real support for the device and so this is of no use to me.. I had a palm 7 sometime ago, but the battery would go dead 2-3 times a day..

Very desperate here.. there has to be SOMETHING that is semi-reliable, all things considered of course. Any help would be appreciated!



To: DebtBomb who wrote (26275)1/27/2003 6:24:00 AM
From: LTK007  Respond to of 30712
 
<<European Stocks, Dollar Slide; Bonds, Gold Gain on War Concern
By Balduin Hesse 01/27 06:07

London, Jan. 27 (Bloomberg) -- European stocks and the dollar fell on concern about the possibility of war with Iraq and its consequences for economic growth. Bond and gold prices rose as some money managers sought out the safest investments.

The Dow Jones Stoxx 50 Index had its biggest drop this year, falling to the lowest since May 2, 1997, and the dollar slid to a 39-month low against the euro. The U.S. 10-year note rose to the highest since New Year's Day, and gold topped a six-year high.

Stocks and the dollar have fallen on concern the U.S. may attack Iraq. Hans Blix, the chief United Nations weapons inspector, will report to the Security Council today that Iraq has failed to fully cooperate with UN resolutions demanding it reveal its weapons program.

Equity prices ``remain vulnerable as long as the situation in Iraq persists and economic data remains weak,'' said Matthias Fankhauser, who helps manage 20 billion Swiss francs ($14.8 billion) at Bank Hofmann AG in Switzerland. ``You can see the demand for government bonds rising. People are seeking safe-haven assets.''

The Stoxx 50 slumped 3.7 percent to 2144.12 as of 11:03 a.m. London time. The Stoxx 600 Index sank 3.3 percent as 570 of its members fell, sending all 18 of its industry groups lower. The measure has declined 12 percent over the past nine trading sessions.

The dollar fell against the euro for a record 10th day as the threat of war in Iraq prompted investors to sell U.S.-based assets. Secretary of State Colin Powell said last week the U.S. may act alone to disarm Iraq. A lower U.S. currency erodes the value of dollar-denominated sales of European companies.

Dollar, Bonds, Gold

The 4 percent U.S. note due in November 2012 rose 3/8, or $3.75 per $1,000 face amount, to 100 30/32 at 10:50 a.m. in London, according to J.P. Morgan Chase & Co prices. Its yield fell 4 basis points to 3.89 percent, the lowest since Jan. 1. A basis point is 0.01 percentage point.

U.K. government bonds also rose, pushing the yield on the 10-year gilt down 2 basis points to 4.21 percent, the lowest since February 1999. German 10-year bund yields were little changed at 4.01 percent.

Gold for immediate delivery rose as high as $373.15 an ounce in London, its highest level compared with closing prices since November 1996.

Benchmarks stock indexes fell in all 17 Western European markets. Germany's DAX Index lost 2.9 percent and France's CAC 40 Index fell 2.6 percent. Britain's FTSE 100 Index slipped 3.4 percent to 4387.5, earlier erasing half its value from its Dec. 30 1999 peak.

Siemens' CEO

``I can't force customers to stay in stocks when they may risk a 10 percent loss in the next couple of days,'' said Gerald Boehme, who helps manage 5 billion euros in equities at Metzler Investment GmbH in Frankfurt.

Aegon, Dutch financial services company which has 15,000 employees in the U.S., sank 5.8 percent to 11.07 euros. Siemens, Germany's biggest company, fell 3.7 percent to 35.85.

If the dollar drops further, ``it won't actually help Germany's outlook for economic growth,'' said Heinrich von Pierer, the chief executive officer of Siemens, in an interview at the World Economic Forum in Davos. Siemens generates about a quarter of its revenue in the U.S.

The dollar fell to $1.0879 against the euro at 10:01 a.m. in London, down from $1.0826 late Friday in New York.

AstraZeneca Plc, Europe's second-biggest drugmaker, shed 3.3 percent to 1,836 pence. GlaxoSmithKline Plc, which gets about half of its sales in the U.S., shed 5.3 percent to 1,029p.

``Do you want to hold on to pharmaceutical shares that have more than 50 percent of their profits in the U.S.? I don't think so,'' said Jan Leroy, who manages 250 million euros at Petercam Asset Management. The decline in the dollar against the euro ``is diminishing the competitive position of European companies.''>> quote.bloomberg.com