Barron's Bearish On Brokers 10-27-2007

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"The credit cycle, so exuberant on the upside, is turning down, just as Wall Street's brokers are bloated with loans. It is likely write- offs of impaired assets, which so far have totaled about $20 billion pretax, will continue, just as business is slowing, leading to more earnings shortfalls in 2008." -- Jacqueline Doherty Barron's

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