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---- The bear is still alive and well on Wall Street


skibum - 9:38 pm on Oct 9, 2002 (gmt 0)


Stocks dive to fresh multi-year lows
Downgrades, profit jitters trash indexes
[cbs.marketwatch.com]

Goldman Sachs' chief investment strategist Abby Joseph Cohen lowered her 12-month target on the Dow industrials ($INDU: news, chart, profile) to 10,800 from 11,300 and the S&P 500's ($SPX: news, chart, profile) to 1,150 from 1,300.

Ya, OK. I'll take some of whatever she's smokin'

After the close, Internet portal Yahoo (YHOO: news, chart, profile) posted a third-quarter profit that surpassed Wall Street's expectations. See the story.

Rockin!

DOW: down 215.22 points, or 2.9 percent, to 7,286.27
NAS: down 15.10 points, or 1.3 percent, to 1,114.
S&P: down 2.7 percent to 776.76


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