Lehman Fiasco Makes It a Field Day for the Bears ; Market Round -Up

Summary

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Share prices slumped in London today in the wake of the Lehman Brothers decision to file for Chapter 11 bankruptcy protection in the US.

As traders began picking over the bones of what remained of the once-mighty American banking system, the bears were having a field day selling short the stocks likely to suffer most from the credit crunch.

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Extract

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Lehman Fiasco Makes It a Field Day for the Bears ; Market Round -Up

In the event, the sell-off in London saw the FTSE 100 index touch a new low for the year of 5124.9, before reducing the deficit to 219.6 points at 5197.1 in wafer-thin trading conditi...

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