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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
- 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
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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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Telecom- Ten Ways to Invest in Louisiana by Stockerblog
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Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
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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
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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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- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
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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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Countdown of Manipulated Gold Price Running Out
The Bull Market Reset
Time will tell us whether your crystal ball is shinier than the rest.
Evil Inflation -- Or Is It?
Look into history, unsound paper money fails because people try to print their way out of debt. It never works, we are postponing the the collapse for posterity, instead of feeling the recession we need now. The indebted westerners have been the reapers of what the indirect slaves laboriously sow. In all relativity, we live like kings, and labor like them as well; while starving serfs perish in their sorry ignorance... ignorance perpetuated by the whip excessive labor.
Money: Inflation, Deflation and Gold
Nice to see someone bringing important, economically quintessential issues to the table. Rather than be distracted by trivial issues within the context of a corrupted matrix, let us revise the entire matrix itself for the better. I'm excited to see how gold keeps going, I'm hoping this recent spike/fall in the beginning of '08 is only a little hiccup, and gold shows its anti-fiat colors by continuing to rise. The question is what will trigger this rise to stop, an economic repair after a prospective recession? a miracle like getting back on the gold standard? in another 200 years what will the world be like? Oh the mysteries of life. America doesn't control the whole economy, our slow descent in the ranks won't destroy the rest of this planet and the economy, certainly gold can't keep climbing forever - can it?
Once again nice post jt.
Why I'm Re-Establishing My Gold Position
Why I'm Re-Establishing My Gold Position
I have very recently been turned on to investment, and gold in particular, for the exact same reasoning as you JT. I plan on saving as much as I can for several months to a couple years in order to fund my worldly travels. I was unsure about keeping my savings in the USD fiat form, especially since OIL is likely to go up and the Fed is still dropping rates, so I got a few ounces at 174 on Monday. It was somewhat exciting to see the prices rise the next day - due to oil I imagine - but now it's unfortunately falling.
It is quite naive to let your hopes and expectations diminish only after a few days of market watching, all I can hope for is an overall rise in the yellow metal over the next several months, and even more hopefully over many more years as a long term investment/hedge against inflation. I do not trust our scamming Fed bank, nor do I trust the USD, so I have placed my trust in a tangible savings method to fight against a seemingly imminent recession, or at least OIL-Rise/USD-Collapse.
Good post jt!
But my question is, does this guarantee a continued increase in gold? Of course there is no guarantee HA, what am I asking that for.
The market is indeed a twitchy thing, hard to understand, hard to correctly predict, with many dynamic variables involved. Certainly a burden for a newcomer as myself.