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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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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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- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
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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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- 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
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Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
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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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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
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Latest Comments960 Comments
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Your retail are off that is starting to improve over the last three months, the number is 21%, in Mar not 30% to 40% and the month over month is up in Mar over Feb by 10%.
That is what I would expect someone that likes XMSR more then SIRI though. I will say this I use to have more in XMSR then SIRI once. That has switched thank god just a about at the right time, when I heard about Stern but most of all Mel Karmazin. Almost could not have sold at a better time.
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Also thanks for the kind words, but I have to tell you. My degrees are in architecture and a minor in bussiness,. While I have been investing in the market, when I was 19 some 23 years ago, (Philadelphia Electric = PECO = EXC (Exelon)) was the first stock My father and I purchased together, we each put in just over 1800 and got 400 shares. That 3600 is now worth today with dividend reinvestment just over 141,000. My father picked that one for us and many others that have not returned that kind of return but have come close to it, and is the person I learned investing in the market from. I have to say though He does not like SIRI or XMSR as a investment, but he does not speculate ether. So I am by no means a professional investor with a degree in it. I do know that before you invest do your research, to know the past and present fundamentals.
Also for those that will try and say or think he gave me the money to invest, the answer is no. I was able to save over 89,000 in 10 years finding and selling golf balls.
Cowen Sees Upside for Sirius
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius Fan, no I did not, I put that order in at 58 for 200 and it never went through. Now I think it is to late, as I said it is always been my princible to never get in a stock on its all time high or 52 week high for that matter. I have missed out on things like Google, and APPL, and most likely this one (SSL) to, but I was burned once and that was enough for me. I do believe you are right, and like the other two, I will be saying dam alot on this one also.
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
As for spellchecker, well you know how I feel about that crap. On top of being hit from all sides and trying to check the market the last thing I was worried about was typos. You would think, if you were going to correct somebody else you would make dam sure your own shit was spot on. He was to easy of a target for me to let go.
I agree birdman264 does, but I think he took offence at my berate of XMSRs quarterly call. From that point on we were not on the same page. His point was that both are iffy, Something I can agree with less now then when we got in. My point was the way XMSR tries to get away with fictitious sub numbers. The confusion was my fault though because I was being sarcastic about my point which had nothing to do with his.
cos1000, I agree about politicians being bastards. I can also tell you that if I thought for a second that it was the republicans holding this up. I would be 10 times as hard on them, as I am on the democrats. The reason is it gos against our ideology and would turn off fellow republicans, because we are not as dumb as democrats, and we know who to blame.
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
Sirius/XM Merger: What Happens if It Doesn’t Happen?
I will say something that I have not said before in a long time (about 4 to 6 months ago pain and killerkaul might remember) on a Barrons article. That there was a press release. saying there was one republican that was a wild card, and could go ether way. I bring it up now because Tyler Savery said the same thing on last Thur. Sirius Buzz show.
We will know though when a vote comes, if it is a 3 to 2 vote with basically only the concessions Mel K. was willing to do. Then it was the democrats stalling this. If it is 3 to 2 and some major concessions like 10%, over the 5% that public knowledge wants, of spectrum given out then the time delay was to get the other republican on board. If it is 4 to 1 then Martin was really afraid of congress and felt he needed the other democrat, plus major concessions would be a given. It will never be a 5 to 0 vote, because Adelstein will never vote for this merger. That was clear after he commented that; The FCC needs to look at this merger more deeply because the DOJ did not do their job in approving it like they did.
Sirius/XM Merger: What Happens if It Doesn’t Happen?
The reason I have said it so many times, is I want people to write! the right people, the ones that are holding this up. When the two democrats see the crap coming Martins way, I can see them saying to themselves hey why not keep this going we are not being blamed for it, its not hurting us any. But now if people were to say I was a life long democrat, but after seeing what you 2 are doing to delay this merger, I can no longer be in this party. That now puts all be it a little bit, of pressure on them.
Sirius/XM Merger: What Happens if It Doesn’t Happen?
thanksgovt., First of all think about it, your position that Martin is getting something out of delaying this is nuts. Look at it this way if he was getting something for delaying it why not just vote to not approve it with the two democrats (hell with him voting to denie it he would be able to get at least one more republican to vote with him), In that case if he gets something for delaying it he would get alot more for not approving it right. Plus there is another major up side to that he does not have to worry about any back-lash from congress. You see how your Martin getting something for delaying this is. It would be easyer to just denie it altogether.
Sirius/XM Merger: What Happens if It Doesn’t Happen?