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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.
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- 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
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Economy- Long Term, Financials Look Good by Michael Filloon
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Long Ideas- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
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Short Ideas- Why Short Sellers Are the Heroes of Wall Street by Investment U
- Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle
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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
- 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
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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
- 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
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- 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
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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
- 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 Comments37 Comments
Top Turkeys of 2008
Same Idiots that burned down the house - is now going to rebuild - what they burned down.
Wonder what shall rise from there ashes?
3 BIllion poor rising up?
Tuesday Options Update: CAT, CTX, SPLS, M, SAP, IDCC, FRE, SLM
Okay we all know all there going to do is want more taxpayer money and high pay – so new contest – What they going to shoot next?
When we don’t even need these Neanderthal relics – So why they still allowed too steal from Starving Americans?
How much good could of – two trillion dollars have done – bad war included – It should be good enough for them too – starving on the streets.
Massive new programs aimed at loosening credit.
FDIC Commercial Paper Guarantee Could Crowd Out Fannie and Freddie
Nothing but the same-ole cons – Take a bunch of money out – driving the prices down – then buying – and do it all over again – and have your con men – yelling – Buy all our predatory loans – With taxpayer money.
Now we must ask – Did we get a visionary – Or another fall man - for the cons?
More 'Hope for Homeowners'? GSEs Suspend Foreclosures into January 2009
Or simply - Who among you can stand against the old mans house?
More 'Hope for Homeowners'? GSEs Suspend Foreclosures into January 2009
The goat skinner to custer - those are not woman and kids down there - Go on down.
Solve the Housing Crisis by Rewarding the Prudent
Now exactly – How are WE the People of these United States – Going to have any credibility with the world – If we keep putting our delusional foot first?
Dear Lord – The money Changers are still trying to rule your house.
2000 tears of not one inkling of evolving – Maybe it’s about time – To show them what happens to the Golden Calf Builders.
Forgive them not – They had 2000 years to change.
Landsbanki Debt Settles at 1 Cent on the Dollar
Simply call all of them in – and tell them point blank – clean it up – Or go to jail and we the American People will clean it up.
Five Key Quotes from PMI about Mortgages and Subprime
I went out and got a bunch of rat traps – but damn – there were no rats – so darn – let me make sure there some around.
These neo-cons are really some IDIOTS – and the sticker on there policy is – there damn rat traps don’t even work most of the time.
Didn’t we vote to get rid of this kind of idiotic-policy?
WE might need to round them up - and put them back into there dug out - and give them a vidio game - and burry there idiocacy forever
REITs: Insurers Supplant Banks As Lenders
We have been putting up with Coward Run away Bush - and Five deferments Cheney – For the Last 8 Years.
Now all we Have to ask – Is one simple Question? When McCain broke – and betrayed all men on the ground – How many boys died because of that?
Now ask yourself – This question? – If the pressure gets as great as it did before – Who is McCain selling out this time?
REITs: Insurers Supplant Banks As Lenders
If they want to threaten the American People with – They have lower tax rates – So we will move there – Then so be it - - Don’t let the American Door hit your big arose on the way out.
But you sell there too – Because WE the American People – Don’t buy from UN-Patriotic Companies.
REITs: Insurers Supplant Banks As Lenders
Let’s say I was going to give you a loan – A loan of taxpayer’s money – I got it for nothing.
But you apply for a mortgage – car – anything – But I have sold your info – and now there are many – many - inquiries on your credit report – You had a 700 – But now it’s 620.
You could have got a good interest rate – But now you’re a higher risk – Low and behold – Man did I just make a lot of money – On interest alone.
Then add on the fees and all – Don’t you just LOVE deregulation.
I just made you take out a subprime loan.
Then socialism just for the rich – The Poor once again bailing out – These type of Banks – Mortgage companies.
Options Trader: Outlook for a Testy Tuesday
These Idiot free-trader - Thought - They could bring in cheap-slave labor
- Through the chatholic church " fa-mose for getting women - to slave for them"
Jesus may pick you - If you slave for me.
Then out-sourced the good paying jobs - and low and behold - The IDIOTS wonder
why - There is nobody to buy there out-priced goods.
But don't dispare - These are the same IDIOTS - That thought child molesting -
Was there manifest destiny.
Talk about JOE the CHATHO IDIOT.
Jesus Hated Rome - Like his Father Hated Rome - and so shall you be Judged - By
the same mesure - You have judged.
ANy body besided Natives and Jews - Have the privalage - of seeing there Grand-parents
scares from the beating and chains - To turn them white - and convert them?
I have - Amos and Irene Warrior - and a lot others.
But since the IDIOTS - Do not understand - but one thing - evil verses good - God now
shows his first Joker - UNless you have the number - Nothing will be sold.
Paulson in a State of Panic
Now is the time to put the pricing - at the right price - your house is worth 30% less then they said - it's time the refi - to that.
Least we forget the JOKER.
Paulson in a State of Panic
Wish I will - Wish I Might – Blow - blow – The Joker is next.
All the Kings - men and women – Could not put the house of cards - back to there greed again
One by one – Those cards of greed – shall fall from this simple house of greed.
Look low and look high – The joker is next – The winds shall blow – the Joker card shall spin – and fall away.
Wish I will - Wish I Might – Blow - blow – Who shall be next?
You should Have known – The anger of the Son and the Father – Has always been roused to respond – When greed has taken the lead.
Wall Street Breakfast: Must-Know News
You see – It was simple and easy – Greed always proceeded a fall – Of all the most powerful Nations through out History.
Even less then a Hundred years ago – There was also a great fall – But did anybody learn – Greed was the cause – NOPE – Now here we go again – Hitler was born out of that last – Golden Calf Builders greed.
So now we must ask ourselves – What – Have we planted – and - What will grow out of this greed – Planted seed?
Through out History – You have been warned – Countless times.
When you go to sleep – ask yourself – What have you planted – For your children to bear – Will that cross be heavy or shall it be light – But either way – It might be - a trip to the hill.