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Strategies & Market Trends : Contrarian Investing

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From: pcyhuang3/17/2007 9:01:44 AM
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Goldman rumoured bankrolling subprime lenders

After tumbling 3.2% yesterday, Financials was down as much as 1.5% today, removing some notable leadership in the process. It wasn't until the sector turned the corner, due in part to Goldman Sachs reportedly bankrolling subprime lenders with credit in anticipation of a rebound, that the rest of the market took notice and garnered enough confidence to suggest that stocks may have finally bottomed. -- Briefing.com

pcyhuang
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