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Strategies & Market Trends : Guidance and Visibility

AAPL 273.04

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Nov 13 3:59 PM EST

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To: 2MAR$ who wrote (61894)	7/24/2002 8:55:57 AM
From: DebtBomb	Read Replies (2) of 208838

NEW YORK (Dow Jones)--A weak banking sector could affect Federal Reserve monetary policy, said Stan Jonas, managing director at Fimat USA. "A weak banking sector becomes a political problem for the Fed," Jonas said in a CNBC interview Tuesday. Jonas said weak banks would not be able to implement monetary policy and may encourage the Fed to ease interest rates. The banking sector was hit in the stock market Tuesday amid implications that J.P. Morgan Chase & Co. (JPM) and Citigroup Inc. (C) helped mislead investors about the true financial state of Enron Corp. (ENRNQ). -By Andrew Gelfand, Dow Jones Newswires; 201-938-2007 (END) DOW JONES NEWS 07-23-02

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