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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
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- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
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- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
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India- Indian Economy Has Much to Cheer About by Equitymaster
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Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
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Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
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- Too Early To Buy Homebuilders ETF by Larry MacDonald
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New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
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US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
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Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
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Latest Comments221 Comments
eBay's Donahoe Has Crow for Thanksgiving
When I got ripped off THREE TIMES IN A ROW from fraudulent sellers I called it quits. Items included everything from a PS3 to a snowmobile part.
Ebay's promotion of fraud through complex "pass the buck" policies only enraged buyers, whom found that using "PayPal" only left them swinging in the wind - scalped.
No thanks, I can find anything I want elsewhere.
Nice article, it sounds as though there is a huge bonus waiting for the next CEO, and I'd gladly bring them back, but they better move quickly - amazon is about to eat their lunch.
Same-Store Sales Trends
Bailouts: Unfair to Non-Bailees
Thank you for your vote.
Love,
Incumbent Congress
Ben Stein Watch: November 30, 2008
Felix, please leave him over on Y!.
Last Thursday Was the Bottom - It's Time to Get Back in
The truth is that not a person on this board knows $hit from apple butter in this current environment and the mechanics of manipulation, oversight (regulation), bubble-innovation and even fundamentals are countless levels of smoke and vapor deep.
Folks, the curtain just got pulled off the wizard -- sit back and enjoy the fireworks.
We still have tens of TRILLIONS of dollars in value to vaporize.
On Nov 30 05:51 PM sickofthehype wrote:
> One of the best contrarian indicators is sentiment, and after reading
> the comments it appears we're most likely at least 'near' a bottom.
>
>
> 1,000 on the Dow? Nice. Go back to your shack in the mountains
> and make sure you have plenty of ammo in the guns.
>
How Wall Street Has Failed the Individual Investor
You do know that vast sums of "money" is being made by those shareholders don't you?
You do know that all the "money" you've ever made isn't even yours don't you?
You do know that those who own the currency own you don't you?
Put the pieces together my friend, you will soon be bludgeoned by the Fed that you speak so highly about -- last place in the soup line.
How Wall Street Has Failed the Individual Investor
If you think this wasn't orchestrated think again. Same old tricks, same old outcome. Rich get richer, poor get poorer -- Ask the French.
Mark this post, the United States is now flight 93, only this time the pilot's have hijacked the vehicle under the old fashioned premise, "create the itch so that others pay you to scratch it -- the business may be dirty but the money is always clean -- let's roll.
We're in a Mid-Cap Rally
Invest in jobs and get rid of the Federal Reserve.
Last Thursday Was the Bottom - It's Time to Get Back in
The author will be slaughtered along with his following.
If anyone reads this and wants to go long, give their money to me. I'll take 25% and kick you in the "bottom" and hand you your returns.
Financial Crisis and the Need for Reliable Information
For example, don't think for a second that just as tier 3 assets hide the bad, that they don't also HIDE THE GOOD! Think Exxon, why not report less and spread it out (bring it out of the dark over time). There are countless incentives to do this, and I for one know without a shadow of a doubt that this practice is widespread with the good, as well as the bad.
Company valuation is utterly a joke. You're an idiot if you trust it.
As the author states, throw the rest out the window and invest on emotion and luck, like everyone else.
The holiday shopping season got off to a surprisingly solid start, with Black Friday sales up 3% (or 11%) from a year ago.
Wednesday Outlook: The Credit Addiction
Battling the Doomsday Machine
The rich will always be rich, the poor will only grow larger in number.
Nothing on earth compares to democracy destruction, which is really the price being paid for all this "fiscal debauchery" no matter whom contributed to it's demise.
The system might be saved, but democracy is nothing but smoke and ashes. I hope the rich are finally happy.
Citi's Underwhelming Bailout
Thanks to the house of Saud for muscling those that are responsible.
I'm getting very sick of this country and our notion of "corporate capitalism."
Home Price Plunge Produces Sales Spikes In Many Cities
Problem is the government isn't trying to fix any problem, its redistributing wealth from the competent into the elite hands of the incompetent already rich.
If you're not pissed your children/grandchildren will be.
Duh.