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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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- 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
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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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- 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
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
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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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Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
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Latest Comments154 Comments
No Silver Lining for Precious Metal Bugs
Those in the large cities will kill each other off,just for a drink of water or a bite of food! If you dont think it could happen,go to Shadowstats.com & read the true Stats of the Feds actions & what the End results will bring! It aint pretty & its coming to us sooner that we might think! God Bless you all,please use the brain he gave you & do some planning now!
Enjoy the Strong U.S. Dollar While You Can
I have been busy trying to get my realitives to be perpared,& its no easy job! They think because I am a coin collector,that its my hobby cloulding the way I think,but when I gave them a list of web site to read, they all started to call me more,requesting info on how to get more PMs without paying the high markups over Spot! They should have taking my advice in 2001,but you still can get PMs with some effort & Luck at almost fair prices! Those holding dollars will see hyperinflation lay waste to their buying power & it will happen & it will be ugly! So CLH,I hope you read this, & weap!
Another Brick in the Wall: the GDP, Gold and Silver
I look at the figures coming from Comex, as the amount of Physical Silver now leaving the warehose, will that help the Price of Silver? Or will these Banks & the FED come up with some other new Rule to keep the real price from giving us our Day in the Sun?
With Obama cabinet now looking more like the Clintons ,I dont think thing will be any better for investers in PMs. Who knows,what to expect from the many that put loads of money into getting him elected! But those that are playing in the paper PM market,I hope you know when to get out!
New York Times, Citigroup, Goldman and Oil
Five Questions on Gold for the House Banking Committee
Gold Market Price Points to Watch
Finding the Lowest Premium for Physical Silver
Monday, November 10: Week in Review
Who will give damn about Inflation or Deflation,if we are all broke by the Actions of the FED & King Paulson?The Price Surpression of Silver/Gold has left Miners out of Work,thier Mineing Stocks Worthless or close to it,Shortages of Physical PMs around the World because of paper price compared to physical.
As a Veteren,I see all the Freedoms We Bleed & Died for Going Away Faster than the Dollar can be Printed!!! This Congress & the Next one Have & will Continue to Gave Away Our Nation, to the Banking Cartels & their Familys! Obama has the Far Left & Unions Hounding Him to Repay them for his Election Sucess,which will bring more Pain to Mineing of any kind.Energy will be hit by the Radical Cap & Trade that Leftest Lobbyist are Writting for Congress right now! Inflation will be coming & there will be no stopping it. I hate to be a Gloom & Doom thinking person,but any one with a brain can see through the BullShit being Pushed out of DC & World Leaders!
I Wish all Veterens a Great DAY, Also Those Serving Here & Abroad And Don't Forget Thier Familys!
U.S. Future Inflation Gauge Tumbles to 81-Month Low
Welcome to Wall Street, Barack Obama
'The Shallowest Generation': A Rebuttal
I grew up in the south,you worked for a pair of shoes,you paid cash,you picked cotton,saved,you hunted for meat in your diet with a sling shot,until the money you saved had grown enough to pay cash for a weapon.I was 7 years old then!My Dad supported 9 of us on 25 cents a day. All of us worked. We moved to the city when I was 11,only to be trucked back to the fields for Spring & Fall Break from school.Save my money.We went to Church,gave what could,and knew we would have to do good in school to better our chance to make a life without the struggles that we grew up with.It worked out well for all of us. We all had our ups & downs,but knew that we had the knowlage of Survial instilled into us by Loving Patents,that went without to see that we could go to school. My Dad had no schooling,but he knew money,He Collected & traded Coins, & I Picked it up to his delight. Today Gold is Money,but many think other wise,So is Silver. It wont be long when you can buy the Dow with a oz of Gold,so I say FDR,JP Morgan,Goldmans,Rocker... & the rest of illumina that has & still are, Stealing the Worlds Wealth, while Taking this Nation to the Cleaners from within,like the post said, just watch 3 hours of C-Span & you will want to puck at the worthless Crap that we call Progress. If you want to Clean this Nation of the Varments,1st, Crush the Federal Reserve,all of those that are a part of it world wide,Restore the Bill of Rights & our Constitution that this Nation was Founded on & Stop the USURY by Banksters & return to Sound Money,Set By Congress & Coined By our Treasuary,Untill that is Completed,We will Stay in this Timeless Bubble of DEBT!
What's Happening to Gold?
Why Isn't Jason Zweig Bashing Gold?
Reality Dawning - for Gold
Lubricated Global Banking Machine Still Sputters