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Strategies & Market Trends : MOVING NOW!

CTIC 9.090

0.0%

Jun 26 5:00 PM EST

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To: nokomis who started this subject	12/6/2000 2:21:16 PM
From: Teri Garner	Read Replies (2) of 8046

2:00PM ET Dow takes a turn for the worse as the financial sector's rally falls apart on news that Banc of America (BAC -15/16) is guiding down Q4 net to a range of $0.85-$0.90 a share, well below the current First Call mean of $1.17; citing continuing deterioration in credit quality... The bank and brokerage stocks were extending yesterday's rally until this news hit, and these were among the few positive for the Dow today... Dow components AXP, C, and JPM all trade lower after sporting nice gains less than thirty minutes ago...

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