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Thursday, August 27, 2009

CNBC.com News Now- Pros Say: Small Market Dip - Then Rally Goes On

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Thursday, Aug. 27, 2009
CNBC.com's News Now CNBC Extended Hours Real-Time Quotes: Now CNBC.com brings you even more of the fast and actionable information you need to respond to market moves - and it's free!    
DOW 9580.63 37.11 +0.39%  
NASDAQ 2027.73 3.30 +0.16%  
S&P 1030.98 2.86 +0.28%  
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WHAT YOU SHOULD KNOW
Health Care Reform: How Democrats May Push Passage
Democrats in the U.S. Congress hope to pass President Barack Obama's overhaul of the country's $2.5 trillion healthcare system amid mounting public skepticism and unified opposition from Republicans...
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Stocks Close Higher, Led by Banks, Oil, Boeing
Stocks closed with modest gains, helped by a rally among bank stocks as well as higher oil prices.

Boeing was the main driver behind the rise in the Dow Industrials...
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Pros Say: Small Market Dip — Then Rally Goes On
Stocks were mixed on Thursday—well off their lows for the day—as investors greeted a downturn in the markets with yet another round of buying. The market digested economic reports a bit better than expected as signs developed that the market was ready to take a breather from its violent five-month surge off the March lows. Read and listen to what the pros had to say...
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TODAY'S TOP 5 VIDEOS
1. John Paulson Buying Citi  
According to the NY Post, hedge fund big wig John Paulson is gobbling up shares of Citigroup. Insight with hank Smith, Haverford Investments and Dan Fitzpatrick, Stockmarket Mentor.

2. Bank Buys by Private Equity  
New FDIC rules broaden the pool of who's eligible to buy failed banks. Insight with John Kanas, BankUnited CEO.

3. Bair on Bank Profits  
FDIC chair Sheila Bair holds a news conference to announce the bank and thrift industry earnings for the second quarter of 2009.

4. Does Dollar-Cost Averaging Suck?  
Dollar-cost averaging is the worst investment advice possible in the current environment. Kirby Daley, senior strategist at Newedge Group tells CNBC's Lisa Oake & Sri Jegarajah why.

5. Stop Trading, Listen to Cramer! 
Mad Money host Jim Cramer shares his stock picks with CNBC's Melissa Francis.

 

 
  TODAY'S TOP BLOG
  blogger
Dell Delivers, and Big
To say there was optimism heading into the Dell earnings this evening would be an understatement, with shares up about 33 percent over the past few months.

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