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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.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
- The Macro View -SampleSeeking Alpha - The Macro ViewMarket Outlook
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
- Oil Down 48% from Highs by Bespoke Investment Group
- Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon
Economy- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
- Reality Bites As Stocks Continue To Collapse by The Mole
- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
- Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham
- Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham
Long Ideas- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- The Long Case for Encore Capital by Value Investor Insight
- 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
- Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham
Short Ideas- Why Short Sellers Are the Heroes of Wall Street by Investment U
- Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle
- Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger
- 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
- Is Google Feeling Lucky? by Sam Gustin
- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
- Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld
- How Will Arbitron Fare in This Market? by Sreeni Meka
Telecom- Ten Ways to Invest in Louisiana by Stockerblog
- Earnings Preview: Electro-Optical Engineering by theflyonthewall.com
- Shared Docks Via WiFi All the Rage by Dean Bubley
Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
- Reality Bites As Stocks Continue To Collapse by The Mole
- LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald
- Global Markets -SampleSeeking Alpha - Global MarketsChina
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
- Perfect World Announces Share Repurchase Program by Trader Mark
- China: Hot Money Inflows Down, Nervousness Up by Michael Pettis
India- Indian Economy Has Much to Cheer About by Equitymaster
- India: RBI Cuts Cash Reserve Ratio by Equitymaster
- India: Markets Continue Downward by Equitymaster
Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
- Alternative Energy Investing -SampleSeeking Alpha - Alternative EnergyAlternative Energy
- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
- Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- The Electric Car Market: Wise Energy Use Stocks by Tom Konrad
- Investing in the Power of the Sea
- ETF Daily -SampleSeeking Alpha - ETF DailySector ETFs
- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
- Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla
Emerging Market ETFs- Brazil Is the Best of BRIC by Carl T. Delfeld
- Playing the Market in Difficult Times by Jason Hamlin
- The Daily Dispatch -SampleSeeking Alpha - Daily DispatchWall Street Breakfast
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono
Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments81 Comments
Number of U.S. Homes With Negative Equity Is Stunning
I would hope that you would add:
Barney Frank and Chris Dodd for endorsing high loan to value and other practises in Fannie and freddie therefore giving the market par to shoot for. Who was the major purchaser of Country Wide loans? Hmmm.
I wonder
Home loans for all ~ ~ ~
keep the practise going!
Wall Street Breakfast: Must-Know News
does not the weight of health care and the retirement population within the industry lead to a lack of the ability to invest in R&D and therefore reduce their ability to become nimble?
You can't save the Titanic with a hot air balloon.
Wall Street Breakfast: Must-Know News
my comments were meant to stir thought. They may be the largest factory employing industry in the nation, but therein lies the problem. The fat ones can't move, and maybe they need to fail to stir productivity and efficiency. We all know that we are not near the deepest part of the bottom, and it will be time before we reach it.
You are correct in that they do not need fish, but need to learn how to fish. Unfortunately, you know it as well as I do, that will never happen. Listen to the song Fat Man, it is the perfect analogy for the big three. Big corporations are obese, and the big three are the fattest of them all. You have to be nimble in this economy, and for the next few years if not the next decade or two. They just ain't got it.
Gas will not stay below it's current value. It just is not going to happen. All Venezuela or Iran has to do is sponsor terror attacks on ports and pipelines and you will see oil at 120. It is all timing, nothing is going to happen until after the Obama adornation.
But wait, maybe we could nationalize the car industry and the banking industry . . . Thanks Paulson, way to change the rules at whim! This is going to be fun!
Wall Street Breakfast: Must-Know News
Pelosi is fighting herself her, and it would seem prudent to enact legislation that would cause the industry to fail so it could be replaced by a more efficient industry. Similar to Obama's comments on the coal industry.
I just don't get it. I guess the union and their pensions are more important to them.
Market Skepticism About BofA / Merrill Deal
Hmmm, he is the CEO of BofA. Seriously. If you were half the man that he was, you still would be no where near where he is. SA is continuing to show me that the readers have fallen a few grades to be par with the contributors.
Alternative Buyers for Lehman (and Not Just the Usual Suspects)
Someone actually has a sense of humor!
XOM's R&D will never buffer a buyout though, and to tell you the truth XOM likes geoscientists in management, not MBA's. XOM does a hell of a lot more than buying a few mortgages for our society (that would be like throwing a doallr in the offering plate for them). So all of you who actually take any of this article seriously, try Paxil, you might actually feel better about yourself.
BAC's Ken Lewis Mulls Another Deal as Lehman Reaches Brink
Preparing for the Fall
Did you know that in July of 1936 it was 108 in Minneapolis?
It was 104 in 1934,
and wow, in the same year it hit 106.
Holy crap. the end is near. The oceans are going to boil and our only hope is to vote for Obama.
This is the typical SA article where the buffoons preach to the buffoons.
The only difference here is that the author actually called the buffoons buffoons in the article. Nice job you all.
Not one lick of sense amongst the whole of you.
Who Will Trigger E*Trade's Magic Moment - and a 111.4M Short Squeeze?
Yep the kettle is black. No other shade can prevail.
Credit Suisse Disagrees with Citi on Blockbuster / Circuit City Deal
I think even I, a tiny little high-end woodworker, could run CC better than current management.
Atrocious.
I am sure you could do much better as well, let alone Icahn.
Uranium: Safely and Efficiently Powering the Future
CXZ was up 24% yesterday and is about to begin trading on the Toronto Exchange Monday morning.
Uranium: Safely and Efficiently Powering the Future
The fact remains, energy cannot be created or destroyed. Also the natural tendency is for energy to be dispersed (increase in entropy).
No matter what you do, there is going to be a trade off. Every energy source has it's impacts. The environmentalists hate the dams, they hate the oil rigs, they hate the manufacturing plants and corporations that create solar, they hate that the wind turbines kill birds, they hate nuclear waste. Ignoring these people is what needs to be done, and for the people who are in charge to develop a plan where all sources of energy that we know of today are used to effecitively and efficiently. You are not going to decrease the demand for energy, and if there were better alternatives on the market, they would be out there.
I always laugh at people people who jump up and down about clean energy and say that there are alternatives. This is a global economy, and if you think there is a way to really keep the new energy technology under wraps you are seriously deluded. The market is constrained by energy right now. There a millions of scientists trying to find new and more efficient ways to use the energy we do have (take a look at the cell phone/.PDA market if you need help).
Nuclera energy is a viable alternative. I studied as much as is available to the general public about chernobyl. Someone effed up, big time. Hmmm, and some people say that socialism and communism are good things. Nuclear energy is being used today, it will continue to be used and it will continue to be researched and developed.
This society needs energy to run. Plain and simple. You take that away and you will have some serious problems which make a global food crisis seem like a nice, cute little walk in Central Park.
An Involuntary Transaction: Why BAC + CFC May Never Close
seriously, after reading that crap from you, I am sure no one will come back to comment.
Go away.
Rep. Kanjorski's Unreasonable, Unconscionably Ridiculous Idea
Stop driving your vehicle.
and move to Venezuela.
And make sure all your buddies do to.
Under The Radar News - Monday
There are many more where the following comes from:
and you can quote me.
I hope pray and prey that iTechnology becomes byeTechnology.
Apple should be embarrassed, but I figure that they will be following their current "plan" to re-invent everything and sell it to the idiots of the world.