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Wells Fargo downgrade sinks stocks

By Jamie Coleman  || October 21, 2009 at 19:56 GMT
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Respected bank analyst Dick Bove downgraded Wells Fargo to sell despite strong earning today. Share prices have reversed earlier gains and are now down 0.8%. Keep an Eye on 1080 in the S&P as a break will accelerate profit-taking. EUR/USD has dipped to 1.50 and GBP/USD to 1.6585 so far.

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Category: All, Mkt Talk, Regions
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