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Citi Speculation Leads To: Who's In The Dow Next?

As Citi trades below $1, speculation again heats up that Citi, Bank of America and GM will almost certainly be removed from the Dow Industrials. Lists are being circulated for likely candidates.

Most often mentioned among financials: Mastercard or Visa, as well as some of the trust banks like Northern Trust or Bank of New York. Goldman Sachs and Morgan Stanley are also possible choices, but some seem to feel that they may politically unpalatable.

Fewer names around among non-financials. Laszlo Biryini has mentioned Schlumberger, Monsanto, General Mills, and Best Buy.

Me? I say bring back Honeywell!

Symbol
Price
 
Change
%Change
NOVU
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ORLOVS1
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SC0Y
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534388
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GM
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GS
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HON
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MA
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MON
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NTRS
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SLB
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V
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The uptick rule: it never goes away. Duncan Niederauer, CEO of NYSE Euronext, has reiterated that he supports bringing back the uptick rule, even if it's mainly for the sake of bucking up "investor psychology." The rule prevents traders from selling short stocks on a downtick. It was repealed in July of last year.

He made the comments Tuesday night at the Museum of American Finance. Traders have made bringing back the rule a major cause.

While most agree that bring back the rule will not prevent stock prices from dropping, the majority feel it will serve to slow down the price movement, and panic fewer people.

Get 'em! Rep. Barney Frank said he wanted to push for prosecution of people responsible for the current crisis.

In an interview on our air, he did not name specific people (other than Bernie Madoff), but indicated it could include CEOs.

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