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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...
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- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
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Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
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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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Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
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Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
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- 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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Latest Comments54 Comments
What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup
Will the iPhone Be Taken by Storm?
Banks Forgiving Mortgage Principle: Reward for Bad Behavior?
How Much Will Game Theft Harm Microsoft's Xbox 360?
On Nov 18 12:57 AM Bdub87 wrote:
> Are you retarded? First of all GTAIV came out for the ps3 and 360
> at the same time. That right there tells me you don't know what you
> are talking about. Secondly, yes the 360 had the best and most exclusives
> for a while, which is why i have a 360 also. But if you take a look
> at the exclusives that have released, and are continuing to be released,
> for the ps3 vs. the 360 you would see ps3 has the better exclusives
> by a mile. Learn what your talking about before you make yourself
> sound dumb.
How Much Will Game Theft Harm Microsoft's Xbox 360?
Why Paulson and Bernanke's Plans Don't Work
Damage Report: Nokia Blows Up Mobile Sector
Bullish on Switzerland
China Gets It Right, But Hurts America
Georgia invaded South Ossentia, Russia responded. This is common knowledge to informed society. I can't for the life of me understand how NATO has reached Eastern Europe. That's the real joke. It's a problem of our own making. However, Russian markets paid dearly for responding.
As far as China's stimulus package, how can one really compare it with America's? China has way more options than us. When you are leveraged to the tilt your options are limited. You dont go with the best option, you go with the least worst or the politically correct one. We would have been better off passing no bailout.
10 More Notes for the Current Crisis
you make a compelling argument and have swayed me to see it the way you're looking at it. If there are no taxes on necessity items then I would have to agree with you. Having said that can you picture a scenario where the government actually shrinks?
U.S. Can Blame Wall Street - Who Should Everyone Else Blame?
U.S. Can Blame Wall Street - Who Should Everyone Else Blame?
It's a Great Time to Be a Value Investor
10 More Notes for the Current Crisis
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?