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- Wall Street Breakfast -Sample
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
- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
- Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham
- 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
- The Long Case for Encore Capital by Value Investor Insight
- 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
- Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham
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
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
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 Comments66 Comments
Can Central Bankers Prevent a Great Depression?
For those people who are having a problem seeing an answer, take a look at some of the comments. Our monetary system is debt based. As long as countries are willing to accept our debt as payment there is no problem. Now take a look at the very first picture Gary posted, The Baltic Dry Index. Saying that it fell has plunged 11-fold sounds like more like a statistic than a frightening fact. What this means is that commerce is not moving.
As there is no commerce going on, there is a depression.
Clark Jenkins
FishGoneBad.com
UltraShort ETFs: At a Tipping Point?
Thank you grandfather Nido, thank you mom. I wish the two of you could be here now.
Clark Jenkins
FishGoneBad.com
Bullion Shortage and Spot Prices Tell Two Different Gold Stories
A woman walks into a butcher shop and sees that pork chops are $4/lb. She goes off on a tirade. "$4/lb?, $4/lb?, $4/lb? The butcher down the street has them for $3/lb!"
The butcher, obviously miffed, responds: "Then go buy them down the street."
The lady: "He is out of $3/lb pork chops!"
The butcher: "When I am out of pork chops, they are only $2/lb."
The lesson here is that if you can not buy something, it can be any price the seller wants. You still can not buy it, and the seller still can not sell it.
So what does this really mean? It means "someone" is lying. Gold is either available, or its price is really much higher. Since some people can not apparently buy gold, it must mean that its value is much higher.
It would not surprise me in the least to see gold prices plunge by 30% as governments try to manipulate the weaker hands to sell their gold positions.
Clark Jenkins
FishGoneBad.com
Is Gold A Sucker's Bet?
Inflation is caused by an increasing money supply. The major nations around the world have all pumped trillions of dollars into their economies in an effort to stop the depression from happening. If you go to the grocery store, things are more expensive now. Even salt costs more.
I can only guess at why people think we are in a deflationary period. Perhaps it is because desperate people are selling their belongings for whatever they can get. Perhaps it is falling prices for houses.
If you can not buy gold, then go to your local discount store and buy some canned goods (of food you like to eat). If there is something you have been planning to buy and have been putting it off, please go and buy it. Everything will soon be more expensive.
While I am on my soapbox, this will be the last decent Christmas for a very very long time. I say this because China fills up container ships with inexpensive goods and we give them paper IOU's we have no intention of honoring. China will eventually want to paid in something of real value. With a new administration starting in January, I am thinking we have another 2 months before China cuts off the American consumer.
Clark Jenkins
FishGoneBad.com
Program Trading, Dark Pools and Gold
Clark Jenkins
FishGoneBad.com
Why Are Investors Returning to the Dollar?
The problem with Seeking Alpha is that it is like Myspace. Everyone thinks that their opinion matters and should speak out when they really need to shut up and stop looking retarded.
I appreciate your advice and plan to put it to good use.
Thank you once again,
Clark Jenkins
FishGoneBad.com
Really Diggin' DIG
I hope this helps everyone reading this.
Clark Jenkins
FishGoneBad.com
Insurance Sector Actionable Intelligence
Clark Jenkins
FishGoneBad.com
Cramer's Now a Market Timer?
Weapons of Financial Mass Destruction
I can only hope that you are making a great deal of money from your research,
Clark Jenkins
FishGoneBad.com
Combating Cascading Short Spirals
Markets move as tidal forces, money moves in, and money moves out. It is as simple as that. The trick is to be on the right side at EVERY given point in time. That said, the US Government can buy up every single bad loan and buy up every single share of every F'd up company on the stock market. This will destroy the dollar. Everything everyone has in the bank and retirement account will literally just vaporize as the dollar is inflated beyond recognition
AIG is on the hook to pay $225 Billion on Friday, 10/24/2008, in defaulted Lehman guarantees. My guess is that any company throwing lavish parties after getting an $85 Billion dollar loan, is not going to pay their obligation. This is what people who are about to "go under" do. The guy down the street from me has a drinking problem and went broke. Before he went belly up, he bought a new Chevy 2500 truck and ran up all his bills.
I am on both sides of this long/short argument. I have no idea how things will play out. That said, my best guess is that "crap happens". Plan ahead.
To anyone reading this. This is not about paper money, it is about toilet paper. In these uncertain times, please just go out and buy what you will need in the near future. Do you use toilet paper? Go out and buy a years worth tomorrow. If you "Threw your money away", it will just be for toilet paper.
I am your best friend ever (for free).
Clark Jenkins
FishGoneBad.com
Not All Preferreds Created Equal
Who do we know that just did that? AIG. They had a half million dollar party in California after getting an $85 billion dollar bailout. It is my understanding that they are on the hook for $225 billion of Lehman loans, and it comes due on 10/24/08. I am thinking that if they need to get bailed out, they are not going to pony up $225 billion.
But what do I know. I just draw bad cartoons.
Clark Jenkins
FishGoneBad.com
AIG: An Attractive Buy, If...
Who do we know that just did that? AIG. They had a half million dollar party in California after getting an $85 billion dollar bailout. It is my understanding that they are on the hook for $225 billion of Lehman loans, and it comes due on 10/24/08. I am thinking that if they need to get bailed out, they are not going to pony up $225 billion.
But what do I know. I just draw bad cartoons.
Clark Jenkins
FishGoneBad.com
Paulson in a State of Panic
Okay, that was mean.
There is no way that anyone this important can be doing something this stupid unless he is doing it on purpose. ** God that sounds like conspiracy theory **.
Give this some thought: If you wanted to destroy all the money in the world, how would you do it? Seriously. This is a good way to do it.
If you take a look at YouTube's "Money is Debt", you will understand why money blows up.
Clark Jenkins
FishGoneBad.com
Google Launches ValueClick Killer
Bots that crawl pages can be programmed to act like humans. After reading # ISBN-10: 0735605653, I came to the impression that one day I would wake up and Google stock would be worthless. I am surprised that neither Microsoft nor Yahoo launched an attack from some eastern block country or China.