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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (30756)3/5/2003 2:09:29 PM
From: 2MAR$  Read Replies (1) | Respond to of 57110
 
Make snow cones then ....

w/apple/sherry syrup

be right over ...

;-)



To: Rainy_Day_Woman who wrote (30756)3/5/2003 9:45:53 PM
From: 2MAR$  Read Replies (1) | Respond to of 57110
 
Still snowing out there ?


U.S. stocks, bonds rise; dollar in Snow fall

biz.yahoo.com

NEW YORK, March 5 (Reuters) - U.S. stocks and bonds managed modest gains on Wednesday, while the dollar sank a day after new U.S. Treasury Secretary John Snow told reporters he saw nothing "alarming" about the greenback's recent weakness.


The action was in the currency markets, where the euro shot up to above $1.10 during European trading after Snow spoke briefly to reporters in Washington late on Tuesday after regular trading had ended.

On Wednesday, Snow reiterated his support for the country's strong dollar policy. But some currency dealers doubted the government's sincerity and the dollar never recovered.

But the drama around the dollar only momentarily distracted investors from concerns about whether the United States will go to war with Iraq.

"The Iraq situation is still front and center," said Bob Lynch, currency strategist at BNP Paribas in New York.

The threat of a U.S. war with Iraq kept stocks' gains in check.

Late on Wednesday, after financial markets had closed, the United States expelled two members of Iraq's mission to the United Nations and told them to get out of the country within 72 hours for activities considered "harmful" to U.S. security, the State Department said.

Bonds rallied for an eighth straight day, buoyed partly by a discouraging report on the U.S. economy from the Federal Reserve and hopes for an interest-rate cut by mid-year.

In New York, oil and gold futures prices fell.



let me introduce you to our new Fed friend ,
Mr Snow....

;-)