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It is amazing to see how the market punishes companies that are less
than 120% truthful reporting their financial status. Refco (RFX)
shareholders have lost over $2.3 billion dollars in net worth in the
past three days.This equates to approximately 2/3 of the company's
market value three days ago. Scandal plus interest rate concerns plus
deficit concerns makes for a pretty scary investment environment.
Rich
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