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Airline Stocks Nosedive on Market Drop

As we assumed, after looking at the state of the Asian markets overnight -- it's blood in the water today on Wall Street.

As of this posting, the DJIA is now trading down more than 300 points. The Dow passed the psychologically important "10% correction" level earlier in the morning. And it has continued to drop.

Airline stocks are being hit very hard -- with one exception. Shares of Continental Airlines are up 4% as of this posting.

The reason? A positive research note this morning from analyst Jamie Baker with JP Morgan.

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Posted by Holly on August 16, 2007 12:15 PM |

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