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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Nathan who wrote (42108)	11/29/2000 6:16:10 PM
From: Amots	Respond to of 436258

Not sure. From Briefing.com: "CIBC Cuts Brokers : Analyst says the recent weakness in investment banking is being caused more by deteriorating fundamentals in the telecom and technology sectors rather than psychology, the poor prospects for investment banking earnings will likely last materially longer than in 1998 as these fundamentals work through the economy. Accordingly, reduces estimates for Bear Stearns (BSC), Chase (CMB), Citigroup (C), Lehman Brothers (LEH), Merrill Lynch (MER) and Morgan Stanley (MWD). Also downgrades Bear Stearns (BSC) to HOLD from STRONG BUY and Chase (CMB) to HOLD from STRONG BUY.