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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.
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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."
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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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- 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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Latest Comments46 Comments
Muni Bonds: Juicy Opportunity for Investors
And as others have said, there is always Obama and the Feds to bail them out.
Shorting assumes all of this will not happen.
How Wall Street Has Failed the Individual Investor
As long as the markets continue to be rigged as they are, small investors should stay out of stocks, and let the speculator/gamblers and big guys kill each other.
This really ends the idea of privatizing social security and the "ownership society."
Six South America Profit Plays
Any comments?
How Did We Get to This Point?
SEC Will Ban Short Selling: America's Leaders Break Down
Heebner Pukes His Positions
WaMu's Killinger: How Did He Last So Long?
Electric Cars for 2010: Shift from Foreign Oil to Riding on Local Renewable Energy
By the way, they need to be working on zinc batteries. The world supply of lithium is not sufficient to supply high demand for battery operated vehicles.
Is Invading Venezuela a Good Way Out of an Oil Crisis?
Invading VZ is an interesting idea, but won't happen. The US policy toward Chavez should be to totally ignore him (he will have a hissy fit) unless he is acting against his neighbors, like Columbia.
Better to concentrate on oil alternatives and increasing mileage with hybrids.
I read yesterday about the 3 wheel aerodynamic $30K Aptera; 300 mpg for the hybrid; 120 miles on charge for the all electric. Look for more cars like this over next 5 years.
Kinder Morgan Energy Partners - Dividend Analysis
The Risks of an Argentine Financial Crisis
Of course, they were right. Having lived in South America, periodic devaluations are to be expected. We always kept spare cash in dollars and significant savings outside the country.
Even dollar bank accounts that "guarantee" repayment in dollars can be retroactively changed to rerpay in local currency.
Kinder Morgan Suffers Mounting Oil Losses
If this were written by anyone else, it might have some credibility worth considering.
Central Sun Mining: When the Dust Settles, Juniors Will Shine
If Peter T. screws up again, he will do the same trick again and again.
The failure of Glencairn should have included Peter T. resigning or being fired by the board.
Plenty other places to risk your money. Not with a management that screwed the shareholders before.
Central Sun Mining: When the Dust Settles, Juniors Will Shine
Once management resorts to such blatant disregard for shareholders, I would NOT touch an investment with that management again.
There are many other juniors to risk your money in with potential just as good, if not better, that have not treated shareholders so badly.
Lost Cities: Mapping U.S. Airports Losing Air Service
Power the blimps with hybrid (electric/gas engines). Sure, they are slower and carry fewer passengers, but the lower cost and fuel efficiency should be a real improvement. You could also re-charge the batteries by plugging at the airport during all that wait time.
New tech from old tech, a new industry, and the smaller airports can still be served.