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IPFS News Link • Economy - Economics USA

Financial Sector Pushes Dow Down 334 Points on Obama's Big Day

“All the banks are going to have to recapitalize,” said Greg Woodard, portfolio strategist at Manning & Napier Advisors Inc. in Fairport, New York. “That’s not done. That’s in front of them, and we don’t want to try to get in front of that trade.”