Bouncing Banks: How $11B of Losses Is ‘Good News’ on Wall St.

Financial stocks were taking a breather Wednesday, which is to be expected after the group’s ferocious rally. Heading into today, the Financial SPDR (XLF) had risen 31% in a five-day advance, culminating (perhaps) on Tuesday when huge losses were greeted

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Posted on July 24th, 2008 by
Filed under: stock news