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COPYRIGHT 2004 FDCH e-media
Original Source: THE MONEY GANG
PAT KIERNAN, CNNfn ANCHOR, THE MONEY GANG: You are watching THE MONEY GANG.
ALI VELSHI, CNNfn ANCHOR, THE MONEY GANG: All I`ve got to say is, sweet.
KIERNAN: All right. We`ve come back.
VELSHI: Yes. Greg, where were we when we started this show? 20 points higher?
GREG CLARKIN, CNNfn CORRESPONDENT, THE MONEY GANG: 20 points higher. Yes. It`s that almost doubled it.
KIERNAN: That`s a resounding gain. Investors have a lot more money in their pocket in the past hour.
VELSHI: Yes, look, we`re going in the right direction over on the Dow. Mary points out, however - first of all, we started the week here at 10,472. We`re at 10,312. So we`ve got a lot further to go. Mary pointed out that the action`s on the Dow, not on the Nasdaq, although we have strength in it. We take a look at the intraday on the Nasdaq. You can see that we have started going in the right direction.
KIERNAN: The week here started at 2,049. More than 100 points lower on the Nasdaq.
VELSHI: Yes, this has not been a resounding week.
CLARKIN: No but look at the right-hand side of the graph, guys. There`s a little bit of an uptick there around 2:00.
VELSHI: Yes. But one thing, Greg, remember, there has been volume this week. This is not a tepid down market. There`s been some energy.
CLARKIN: Yes, there`s some big volume. And, guys, take a guess at how many of the S&P have reported so far?
KIERNAN: 400.
CLARKIN: Percentage. 80 percent.
KIERNAN: OK.
CLARKIN: Yes. Not a bad guess.
VELSHI: So we`re winding...
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