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Jang-A-Lang

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Jang-A-Lang

Re: Pennyland post# 383

Friday, 02/22/2008 4:04:45 PM

Friday, February 22, 2008 4:04:45 PM

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NEW YORK, Feb 22 (Reuters) - The Dow and the S&P 500 turned higher, while the Nasdaq cut losses, after CNBC television reported that a bailout for bond insurer Ambac Financial Group Inc (ABK.N: Quote, Profile, Research) was imminent, causing financial shares to reverse losses.

The Dow Jones industrial average .DJI was up 20.27 points, or 0.17 percent, at 12,304.57. The Standard & Poor's 500 Index .SPX was up 2.42 points, or 0.18 percent, at 1,344.95. The Nasdaq Composite Index .IXIC was down 6.91 points, or 0.30 percent, at 2,292.87. (Reporting by Ellis Mnyandu; Editing by Jan

"Freedom is secured not by the fulfilling of one's desires, but by the removal of desire." Epictetus

This post is in my ignorant opinion. I have been wrong many times before.

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