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Written by KRISTINE JANE R. LIU
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Thursday, 02 October 2008 |
A RALLY would likely ensue today after Wall Street rebounded from its largest point decline in history on expectation a revamped bailout plan would hurdle the US Senate.
Jonathan L. Ravelas, chief marketing strategist of Banco de Oro Unibank, Inc., said: "the market will remain sideways... but there might be a knee-jerk reaction [today] after the Dow’s gain."
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