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And FTN's Vogel noted that US........>

US TSYS/STOCKS
US TSYS/STOCKS: And FTN's Vogel noted that US stocks "are withstanding a really
bad day in telecom and moderate losses in energy and financials (despite
megabanks beating EPS expectations for Q3). Declines are deflating enough to
maintain the nervous status quo between stocks and bonds."
- He adds that "a lot of fixed income traders are laying back to wait for CPI"
"out at 8:30am ET Friday, "despite the probability the numbers may be too
storm-sensitive to analyze. Keep in mind these are the same traders who found
meaning in Sept. labor market data."

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