Sept. 19 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm, said earnings fell more than analysts estimated as fallout from subprime-mortgage defaults drove down fixed-income revenue and produced losses on takeover financing.
The rally in financials could be premature. GS reports tomorrow and they are highly favored to come out with good results. Is it baked in? XLF has major resistance between 35.80 and 36.1f it clears 35.30.
The rally in financials could be premature. GS reports tomorrow and they are highly favored to come out with good results. Is it baked in? XLF has major resistance between 35.80 and 36.1f it clears 35.30.
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on Wednesday, September 19, 2007 at 9/19/2007 09:03:00 AM.
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