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Tuesday, August 12, 2008

120808

U.S. Stocks Fall on Banking Concern; JPMorgan, Goldman Retreat
By Lynn Thomasson
Aug. 12 (Bloomberg) -- U.S. stocks fell for the first time in three days after JPMorgan Chase & Co. said it may post more credit losses, pushing the worldwide costs for the collapse of the subprime mortgage market to more than $500 billion.
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Current market still very volatile, for STI still in downtrend. Will need good news to boost for rebound.

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