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COPYRIGHT 2006 Voxant, Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
MARIA BARTIROMO, CNBC ANCHOR: And lots of attention on the Fed today, of course, and quite possibly more attention on where stocks head next.
(OFF MIKE)
BARTIROMO: . the boost from earnings. But that may.
(OFF MIKE)
BARTIROMO: .can deliver double-digit growth seen over the last 16 quarters. Joining me now to talk stock strategy, Tom McManus, chief investment strategist with Banc of America Securities; and Tobias Levkovich, chief U.S. equity strategist with Citigroup Investment Research.
Gentlemen, nice to have you with us, as always.
TOBIAS LEVKOVICH, CHIEF U.S. EQUITY STRATEGIST, CITIGROUP INVESTMENT RESEARCH: Nice to see you.
BARTIROMO: First, a real quick comment on the Federal Reserve action today; big market rally. What`s behind it, Tom?
TOM MCMANUS, CHIEF INVESTMENT STRATEGIST, BANC OF AMERICA SECURITIES: Well, I think that there`s been a lot of short base that`s been built. A lot of puts have been bought at high prices. It`s the last -- practically the last day of the quarter, so I think that there`s a relief rally going on right now because the Fed didn`t come out in a very aggressive way about inflation.
BARTIROMO: Is that the way you see it, Tobias?
LEVKOVICH: I see it as kind of anti-climatic. They did...
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