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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
- Reality Bites As Stocks Continue To Collapse by The Mole
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- 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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- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
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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
- Is Google Feeling Lucky? by Sam Gustin
- 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
- Playing the Market in Difficult Times by Jason Hamlin
- The Daily Dispatch -SampleSeeking Alpha - Daily DispatchWall Street Breakfast
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US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
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
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments273 Comments
Marc Faber Says Time to Buy Gold Exploration Stocks
do you or dr. faber have any specific recomendations on explorers? do either of you like bhp as a miner of well everything?
How Low Can Mining Stocks Go? (Part II)
i think we been reading the same things. bought hundreds of silver dollars (bullion) between $4-6$. been buying more physical silver on the pullbacks this year. maybe the best investment would be in parts for the overused (money) printing presses. gold feels a little risky but silver seems a buy to my limited understanding. i do not touch paper silver.
Are These the Forging Fires of the NWO We Are Feeling?
i fear you are very much on target. u.s. troops deploying here? cameras on every corner? the programming/conditioni... of our new tattletale/informant society? the growing fascist green movement? carbon credits/taxes? wiretaps? hell maybe it is time to invest in tinfoil makers.
Greenspan Is to Blame for Today's Problems
about a month back i read the hearings betwee n ron paul and greenspan. what i gathered from the reading was that greenspan agreed with dr. paul about a sound monetary system. it appeared to me that greenspan was trying to do the best he could with a fiat system that he knew could not work. i had much disdain for greenspan until i read his answers to dr. paul. my new perspective is that he did all he could to keep a foolish system going. greenspan as a young man was a rand fan and an advocate for a backed currency. it was evident that his beliefs had not changed but he was stuck with reality. i would go further back and spread the blame from wilson to bush at least. i would also blame the many congresses over the same period.
i continue to hear from the media that it is the fault of the free market advocates, yet we have not had a free market. i would give much blame to lbj for stupid financial policies. i would give clinton his fair share for making bad policies worse. then i would blame the other presidents for not trying to fix stupid policies. give mccain his share for his earlier invlvement but do not leave obama out as the young lawyer that helped force fannie and freddie to make even worse loans.
most of the blame goes to the federal reserve which is one of the biggest scams in history.
just my humble opinion. got gold? got silver?
So the Perpetrators Are Now Our Saviors?
seems like jefferson tried to warn us about allowing a national bank. and the whole lot of them tried to give us guidelines to keep constitutional money in order to have a stable currency. they told us to have fair trade not free trade. they told us to keep a free market with limited govt. policing to keep it fair. we have done none of those things. now we are suprised that a bunch of politicians that have no clue of what real life business is have brought the biggest strongest economy to the brink of meltdown.
user26737, you need to look back through several decades of presidents, congresses and policies. it is a huge simplification to give bush the blame. he deserves his share for not trying to fix the stupid policies. he might be the worst but he has plenty of competition for that title.
maybe the fannie freddie hybrid creature was more suited to china, russia, and nazi germany than to a country that is supposed to run by free enterprise. let's see first the politicians pointed at speculaters, and big oil. then they pointed at foriegn oil suppliers. then one branch of the socialist party (democrats) started pointing fingers at the other branch (republicans) and vice versa. the last blame was on the free market that i am aware of. there was no free/fair market in the first place. maybe for the short term we will have an illusion of improvement. i will keep in mind the success of the war on poverty, the war on drugs, and the govt. school system and expect similar results for the economy.
sensible texan and GKM--agreement.
U.S. Offshore Oil Ban to Expire
pbr seems to be proving there is more underwater than we hoped.
china must think so, if the rumors about florida are true. last weekend i was listening to the movements of russian warships. funny to get to the off-east coast and gulf reservoirs it looked like we had to get past them. that wasn't stated but i kind of wondered if their manouvers were a subtle statement about oil.
the watermelons just say don't confuse me with the facts. algore said so.
U.S. Offshore Oil Ban to Expire
you think those guys would try to trick us or decieve us? shocking. for the sake of clinging to office? do nothing sounds par for the course.
i was reading an article awhile back by an environmentalist that was monitering the offshore california waters. he implied we needed to drill because of seepage.
isn't china setting up to drill off the florida coast under cover of cuba? if that is true do you think the commies will give a flip about our environmental concerns?
glad to see you contributing articles my friend.
Nine Wyoming Stocks
i like it too. it's amazing how fast miscreants can run in the dark if you step out on your porch with a rifle. (i left you some notes under you energy article.) it gets downright comical when you have a good neighbor that does it at the same time.
horatio
would you say in general you hate the state because you think they have a tendency to generalize?
stockerblog
i found it useful as a few more energy stocks to keep an eye on.
Grand Energy Debate Warms Up in Washington
i haven't gotten my dancing girl yet. i think i'm gettin' cheated here. oh well, my girlfriend would probably kick her out anyway.
your point about production seems possible. so if we don't drill how would it help with the oil or ng supply?
Grand Energy Debate Warms Up in Washington
careful now you're makin' a lot of sense.
Grand Energy Debate Warms Up in Washington
you called it quite awhile back. this election is getting more interesting by the day.
good article.
did you catch the interview with pelosi where she revealed that she did not know ng was a fossil fuel?
i wonder just how interested our oil companies will be in drilling offshore if making profit is made anymore difficult. i am thinking of their selling off assets.
been building on pbr lately. seemed like a good opportunity. wanting to grab rio but can't right now.
Grand Energy Debate Warms Up in Washington
hey my friend. iv'e missed you too. been hoping to pick up shares in clne but they just won't pull back quite enough.
i have been getting snippets about china getting ready to drill near cuba? heard anything?
my girl speaks spanish. she has been monitering the spanish channels when she can. she told me 3 or so weeks back that chavez invited russia to build a base in venezuala and purchased 200billion in russian arms.
today while i was listening to the radio russian warships moved into the florida straits and off the yucatan and another strategic area that i missed. looks like we have to get past them to protect our offshore oil.
yesterday she told me chavez was calling on cuba to merge as a nation with venezuala.
The Case for Natural Gas Powered Transportation
hey paulk. how ya liken palin?
i thought tbp was advocating lng.
Brazil and Petrobras Are Awash in New Oil
is rig your favorite service?
Brazil and Petrobras Are Awash in New Oil
i have been adding to pbr while it was down. bad idea? good idea?