Excerpt from: Spread Betting North American Financial Markets
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| March 13, 2008 | | Spread betting and contracts for differences on the US stock market | Spread bets and CFDs on US stocks should considering shorting today, especially in the embattled financial sector. The Carlyle Group's mortgage-bond fund is having "issues" and set to be taken over by lenders. This news is rebounding throughout the US stock market. Bloomberg reports on US stocks today:
Citigroup Inc. and Bank of America Corp. dropped after
Carlyle's fund said lenders will ``promptly'' take over all of
its remaining assets. American International Group Inc. slid as
Morgan Stanley downgraded the world's largest insurer and
predicted losses linked to credit-default swaps will be higher
than the company's forecast. | | |
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