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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.
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Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Latest Comments17 Comments
Going for High Yield Stocks
5 Energy Stocks with Low Long-Term Risk
Nordic American Tanker Pays Off Yet Again
Seven Highest Yielding Stocks Going Ex Dividend in November
(the exdiv is announced, as the record date, when the div is announced so the forthcoming payment is a done deal. buy before exdiv date)
Some Stocks to Research for the Market Rebound
Sorry, not true. The Dems put so many restrictions in the bill it won't happen, and they will reverse themselves and put off shore off limits again after the elections.
Is Gold A Sucker's Bet?
Really? Where's the evidence for that, the first of many false assumptions. The only comment of interest in the article is the point that under today's economic crisis, gold (if it is a safe haven) should be very much higher, and is not. The "safe haven theory" may be bunk.
Cramer: Dow Could Drop Another 14%, Oil's Going to $50
Bailout? Or Start Bailing?
Eight ETFs to Preserve Your Wealth
FDIC Anoints Superbanks - Cramer's Stop Trading! (9/26/08)
Nordic American Tanker: Dividend Stock Analysis
Not Off the RIMM - Cramer's Lightning Round (9/3/08)
Forget $100 a Barrel - Oil Will Plummet to $30
Shipping Stocks: I'd Wait To Buy Frontline and Overseas
I guess I've been doing it wrong all these years.....
Unnatural Gas
Politicians have been talking, but not producing results, for decades. The Dems alternative fuels solution is nothing new. I remember the first energy crisis in the early 70's when gas went from $.27 to $2.00/gal and we all thought certainly the world would end. That was the first time they changed the national speed limit to 55mph -- for awhile. I also remember all the promises for alternatives and solutions, the same we hear today; alternative fuels, electric cars, solar homes, passive solar, etc, etc. Forty years later we are not much closer to getting off oil. And for forty years, with whatever combination of Dem Pres/ Dem congress, Rep Pres/Dem congress, Rep P/Rep C, etc etc the govt. has never really pressed hard to work solutions. Sadly, they all have excuses for "not" doing something; 'we can't drill our way out' , 'we can't drill, it will be 10 years', 'they're not using the leases they have now', 'what about the baby polar bears and the beaches'. Seems T.B. Pickens is the only real man in the country. He's actually doing something, with his money. The politicians just wring the hands and do the Graham whine.
Generally, societies fully exploit their own resources first before turning to other nations for trade, (or war). Our govt. has put up every roadblock imaginable to prevent drilling, coal use, or nuclear. It is our govts. policy to remain dependent on foreign oil. The govt wants you on mass transit, limited travel, smaller homes, no bbq grills, all driving the same small car or scooter. This saves the vital resources for the elites, but I'm not suggesting conspiracies.
In the short term, the Dems will do nothing because it works to their advantage in Nov elections for Americans to suffer.