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Investors Buy Bargain-Basement Stocks As Markets Close Higher for a Change.
Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News) Publication Date: 26-MAR-01 |
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COPYRIGHT 2001 Daily News
Byline: Judith Schoolman
Mar. 20--Wall Street investors gobbled up bargain-priced stocks yesterday after record-setting tumbles last week and in anticipation of an interest rate cut by the Federal Reserve today.
No matter the size of today's rate cut, designed to set a controlled fire under the economy, "it's a lose-lose situation for the Fed and, to a lesser degree, the market," said William Sullivan, Morgan...
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