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Will Street's Luck Hold On Friday The 13th?

Carl Gutierrez Forbes 03/13/2009 21:58
Will Street's Luck Hold On Friday The 13th? - Wall Street


Continuation of rally could hinge on whether investors stick with surging financials.



Wall Street is going to shoot for a fourth straight positive session Friday, but Berkshire Hathaway investors are likely girding for a bruising.

After the close Thursday, Fitch Ratings stripped Warren Buffett's conglomerate of its top-notch 'AAA' credit rating, downgrading it to 'AA.' (See "Buffett Loses Sterling Credit Rating") In the past year, Berkshire Hathaway (nyse: BRK - news - people ) shares have fallen 35%; the downgrade, which could lead to higher funding costs, is likely to cause its shares to drop further.


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