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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...
- 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
- 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
- Round 3 of the Recession: Main Street by Paul Fekula
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- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
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- Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham
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
- Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger
- 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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- 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
- Global Markets -SampleSeeking Alpha - Global MarketsChina
- 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
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- 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
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ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments51 Comments
On Visa and Commodities: An Addendum
The US may be finally somewhat cutting back on oil usage but the rest of the world isn't standing still. If Opec cuts back on production in September like they have hinted to....then you will see oil back in the 140's in short order.
On Visa and Commodities: An Addendum
Vwinner I have to say that you are back to your old tricks of posting under allias's and responding in the 3rd person. You did that extensively through the original vwinners blog. Your main reason to come here is to have attention brought to yourself so that you may get new followers to your stagnet blog.
I do not want to drag you through the mud like you do to so many others, I'm just stating facts from your many many posts.
I do report you as an abuser every time you personaly attack someone like you have done here. I have to assume that the editor of SA allows this to continue as maybe they think it will bring people back to see the childish arguments you display on your latest conquest.
Unfortunately I took a gander at this article. I try to avoid anything Visa or MA on SA as I know you will be their posting that you are 90 % right and everyone else is a mental freak for opposing you.
Frank, IMO you have sunk to vwinners level also. You are always looking for a fight with him. You do not need to repost his old postings to show how often he is wrong. We can read for ourselves.
Those that have been around him for more than a month know that he has to be the " almighty" ( the one in control ).
I think you both should create a blog where you 2 can argue into eternity.
Again IMHO you should both be banned from SA.
In His Mercy
Why American Express Should Be Ignored
We will never see it go below $100 again IMHO.
Those that own the reserves will not let that happen. Besides they ain't makin no more oil!
Visa is not going to skyrocket after earnings report. It will move up but nothing in this market is going to skyrocket per se.
Long term MA or V is a great investment.
Not even Vwinner can propoganda the stock up in this market.
Setting the Record Straight: Taxpayers Not Funding JP Morgan's Bear Buyout
Why call someone an idiot for stating their opinion.
IMHO let the chips fall where they may. I hope DOW goes to 10k and stays there for awhile. Let the wheat be seperated from the chaffe.
The After Hours Oil Scam
Speculation, manipulation lmbo. Wake up people, thats what futures, stocks, ETF's and options is all about. Has been, is now and shall be till, well till we are done.
Supply and demand has a tiny role in this. Manipulation has a whole lot to do with this but not the manipulation yall are talking about.
You all need to start paying attention to whats going on in Syria, Iran, Lebanon and Iraq.
I would suggest that you all bookmark this page. Oil is cheap right now. If things continue to go as Iran has planned.....
$200 per boe by this time next year...or sooner.
May I suggest those that are not in the best of shape to sign up for yoga classes asap-your gonna need em.
Pair Trade Visa and Capital One
Foreclosures Increase Homelessness [Housing Tracker]
It's that 98% that has created this mess. Also IMHO the U.S. gov is 100% in perpetuating this mess.
You are right Simon, even my generation has not really had to deal with harsh economics. Born in 1960, grew up low middle class and have made it to middle class. I feel extremely blessed to have my home paid for, especially since we are only 1 income now.
The state in which I live does not have a lottery (yet). Every state surrounding us do. The secretary of this state is getting sigs to put lottery on November ballot saying it will bring in much needed revenue and add jobs here. That is a lie. The state should stay out of gambling!
Pair Trade Visa and Capital One
Even though I am long on V, anyone who makes purchases on credit cards of any kind is a fool if they don't pay the entire balance each month.
IMHO that is a large part of what is wrong in this world today (financially).
Greed and credit= disaster!
If you can't afford it? Don't buy it.
Illiinois - Countrywide: Potentially Devastating
:)
Visa Stock Ownership Has Its Privileges
I did not know that there was a way to protect from a drop of a posistion except for the trailing loss deal that I do not like.
As for Seeking Alpha I learn more here, the pro and con to every authors statement. A lot of the commentors are very wise investors, while others...... :( I do wish that SA would install language filters though. The report abuse feature is great and actually used the 1st time for these comments.
I know that "cat" and others mean well when they include their own blog address in their comments but, Visa global is way too 1 sided.
That has been the problem all along with your blog.
Once when I posted that Visa was in a holding pattern @ $85 and most likely dip back to around $76 ...... well it was like I had committed the ultimate sin. I was kicked off the site, recieved many e-mails stating that I was not for visa and that I was not a team player because of being nuetral on the stock ( when I wasn't ) and that I must not be a true Christian.
I think it was 2 weeks later and V dropped back to $74.98 before climbing the ladder back to $85..... :)
Frank I do understand your frustration with some folks that tend to know whats best for others, but don't you think that you would have so much more of an impact if you left the street slang somewhere else?
Again great article, most comments great also. Visa all the way till we are called home.
Financials Buying Opportunity Close at Hand
I hope and pray that only the institutions that will run their business with morality and good ethics will survive.
CapitalSource Finally Gets a Clue
It always was an income/growth play.
I am glad that they are moving more to the growth side.
If you want income plays then energy trusts far outperform in the dividen arena.
My Investment Philosophy and Visa
Hecla Mining: Best Valued Silver Producer
HL and CDE are both good investments for paper metals.
Currently holding 49.223 ounces of unrefined gold and 1092.077 ounces of silver. Holding securley is not that big a deal.
Not bad for a 9 year hobby.
Catalysts Sending CECO Environmental Higher
Now with that said I'm not real comfortable with Phillip DeZrwirek and his "son's" other "business" relationship. The financial statements do not make that scenarion real clear to me.
It almost seems as the current management is only interested in lining the personal pockets and totally disregarding its share holders.
CECE does continue to close orders and is building a great backlog of business. The compaines it has purchased are adding to that backlog as well.
I am a long time holder of CECE