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Updated from 12:26 p.m.
Brokerage stocks were dropping sharply again Friday as Bear Stearns (BSC Quote) tried to reassure investors of its "abundant liquidity."
Bear Stearns shares fell as much as 7% early Friday after Standard & Poor's cut the outlook on Bear's credit rating to negative from stable. Bear and other brokerage stocks then bounced back at midday after Bear issued a chest-thumping press release questioning the thinking behind the ratings move. ...
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