Current Financial News

Big Brother is Watching YouWe know we aren't the only people in the U.S. that feel 2008 analyst estimates are too high?  Come on, this is basic stuff here, the economy is falling apart, so why should every company/stock reporting earnings in the next few weeks miss every other estimate?  Hey Congress, put the crack down on the analyst community, Lower 2008 Estimates.

Wachovia's Fate: Rock, Paper, Scissors?

Citigroup (NYSE:C) gets 1st dibs, no Wells Fargo (NYSE:WFC) called it.  Just like teenagers arguing over 'who gets shotgun',  Citi and Wells are babies fighting over who gets to buy Wachovia (NYSE:WB) and at this point, who cares?

AMD comes back to life, shares up 18% today

Just when it looked like AMD was going out-of-business, BAM!  AMD's (NYSE:AMD) shares were up 31% at one point today thanks to Abu Dhabi investing $5.7 billion which gets them a 55% stake in AMD and half the board seats.

Inflation: Coming to a Theater Near You

Great article today on StockTradingToGo.com and the title says it all: Inflation is our Future

 

Click here to read the article - http://www.stocktradingtogo.com/2008/10/07/inflation-is-our-future/

Google World DominationIf the Internet is the future and SEARCH is everything, Google wins, hands down.  There's only one stock I could consider buying at its 52-week low, that stock is Google Inc.  (NASDAQ:GOOG), today trading in the $360 range.

Barry Rules: Contrary Cramer Buy Call ?

Cramer says Sell today, if that's not a sign to be Buying, then maybe we should all shop at Wal-Mart:

Cramer_contrary_bottom 

The Market: A Big Case of the Monday's

The DOW is below 10,000.  Super.  Sounds like someone, has a case of the Monday's.

I'm sure you've read every horrible article by now, add to the list, its a Global Selloff.

60 Minutes: Impact of Credit Default Swaps

This is mandatory viewing or reading, Masters take note:

 

 

Dumb and DumberTGIF and the news just keeps getting better.  Sticking with Friday's Dumb and Dumber theme, we turn to Harry and Lloyd to make sense of the economy, unemployment and of course Jedi Mastery. Oh, and U.S. year-to-date job losses hit 760,000.

Dumb and DumberOh no, if Steve Jobs can't run Apple Inc. (NASDAQ:AAPL) you should sell your shares today?  But if he's fine, Buy, Buy, Buy!  American investors should take some notes from Harry and Llyod, maybe they can run the country, it can't hurt at this point.