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Financial Rallies or Fallies?

Tuesday, 22 Jul 2008 | 12:00 PM ET

Here's a new term for you: Fally -- that's a rally based on fallacy which, according to Kirby Daley, Strategist, Newedge Group, is pure folly. He vehemently disagrees with the glowing outlook for U.S. financials from Capital Markets Technology's Jack Bouroudjian.