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Financials Lead Oversold Bounce

Posted, by norman rockefeller on March 16th, 2009

Who knew making money would be such a motivator to investors. CitiBank (NYSE: C), Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) all announced they were making money the first two months of the 2009 calendar year. The good news prompted a 10% move up for the major indices and the financial sector gained more than 32% last week...

Authored by, norman rockefeller
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