Just a bit from Sanfords.
It was obviously expected yet the sell down?
"The appointment of successors for outgoing U.S. Treasury
Secretary Paul O'Neill and White House Economic Adviser Lawrence
Lindsey is expected later on Monday in a move that could affect
Washington's strong dollar policy. That uncertainty lifted the
yen.
Still, traders also noted optimism that U.S. stocks would be
solid this week since the exit of O'Neill and Lindsey could help
President George W. Bush push forward with tax cuts to rev up the
world's largest economy and Japan's top trading partner.
Bush is expected as early as Monday to nominate CSX CorpChairman John Snow to serve as U.S. Treasury secretary,
while Stephen Friedman, who has served as co-chairman of Goldman
Sachs, is expected to take Lindsey's spot."
cheers
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