The market opened under heavy selling pressure this morning, on the heels of RIMM’s earnings announcement and the news that the FDIC took over Wamu (WM) and sold off its assets to JPMorgan (JPM).But the declines just after the open have pretty much marked the lows for the day. The Nasdaq has been down the most, while the Dow has made back all of its early -150 point decline. Given that the market breathed such a big sigh of relief yesterday on the news that the passage of the bill was close at hand, when I heard that t[...]
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[Source: The Money Blogs]
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