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Stocks had a rocky afternoon as the market lost all its initial gains, then rebounded right before the close. Here's what some of the pros were recommending for investors.
Consider Bond Insurers
"You have Ambac [ABK
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]and MBIA [MBI
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], which have lost their AAA ratings. Assured Guaranty [AGO
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] has its AAA rating, so in the future, as deals get done... [it] now is going to have a lot more market share going forward."
- Matthew Kaufler, Touchstone Value Opportunities
Energize Your Portfolio
"There's plenty of opportunity now. We continue to like energy, and that includes companies like Arch Coal [ACI
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] and Swift Energy [SFI
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]... and the internet software group has done very, very well: Look at Oracle [ORCL
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]; look at Sybase [SY
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]. BMC [Software] [BMC
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] also looks interesting.
- Barry Ritholtz, Fusion IQ
Outlook on Lehman
"We think Lehman [LEH
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], while significant, is probably more company-specific and a crisis of confidence with management than a significant change in fundamentals."
- David Katz, Matrix Asset Advisors
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- Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
- UPS is giving its customers the option to offset its carbon emissions when sending a package.
- Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes