Message:

<p>[QUOTE=&quot;kaparthy, post: 25785, member: 57463&quot;]From CNN Money: </p><p>1.&nbsp; Currency traders take profits, long-term Treasuries rally on strong foreign demand....&quot;[It was] all position-squaring, nothing fundamental. Everyone was worried about a correction and here it is,&quot; Jason Daw, senior G10 foreign exchange strategist with Merrill Lynch in New York, told Rueters...while interest rates are rising in the United States, they are likely to remain flat in other countries... Rising interest rates tend to attract foreign investment, which pushes up the value of the local currency as local currency is often needed to make those investments. </p><p><br /></p><p>2. IBM plans to exit PC business...&nbsp; Newspaper report says Big Blue could sell laptop and desktop lines for as much as $2 billion... Lenovo Group Ltd., China&#039;s top PC manufacturer, and at least one other company are said to be in talks with IBM, the Times reported.</p><p><br /></p><p>re: 1: <b>&quot;...nothing fundamental...&quot;</b> said Jason Daw.&nbsp; In other words, the US Government has not balanced its budget.</p><p>re: 2: Someone needs two billion US dollars.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in