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House passes stabilization package; Citigroup cries foul
Check out the top stock new stories I'm following today:
  • The economic stabilization bill passed Congress on Friday. Those hoping for a rally were greatly disappointed as stocks sold off during the last hour or two of trading. Read more.
  • Wells Fargo (WFC) swooped in on Friday and delivered a definitive purchase agreement to Wachovia (WB) that valued the company at $7 per share. Read more.
  • Asian and European markets dropped last night in concert with moves in the U.S. on Friday. Read more.
  • U.S. futures are down around 2% across the major indexes in the pre-market. Read more.
  • The commodity trade continues to collapse. Oil prices dropped below $90 per barrel in early trading today. Read more.

| October 6, 2008 9:48 AM

Mosaic Company (MOS): Does this fertilizer stock stink?
The fertilizer stock group...stinks, frankly, with Mosaic Company (MOS) dropping 40% yesterday. The agricultural trade is dead in the water. Stocks are retreating as quickly as they went up. MOS has given up all of the gains made in 2008. Where do we go from here? I want to know if MOS is a buy, sell, or hold. Post your thoughts on your blog and I will feature MOS in next week's Bull/Bear report....

| October 3, 2008 4:44 PM

A look at the hot stock stories our bloggers are following:
Paul Carton has great insight on sentiment regarding the Economic Bailout Plan from the Changewave Alliance on the Hotwire Blog. Trending123 Blog's John Lansing gives you his top 3 steel stocks. Jeff Manera asks, "Who's to blame? Who took the money and ran?"...

| October 3, 2008 4:00 PM

Can Chesapeake Energy Fuel Profits
When oil was trading at $150 per barrel owning anything associated with crude was a no-brainer. Now with oil and other commodities in a free-fall does the same trade make sense? I posed that question to our InvestorPlace Blogs community specifically with respect to Chesapeake Energy Corp. (CHK). Given the drop in oil and the subsequent selling of oil stocks, does it make sense to own CHK?

| October 3, 2008 3:35 PM

Global Economic Crisis
People, I am an OPTIMIST, but this is getting UGLY. Yes, I am DEEPLY worried. Let's face some facts. When things get BAD, almost all markets will print money. EVERY government on the planet will. Because they have to. Thinking about a market? It will depend on the country you live in. Because most global trade will stop. Why? Because of the devaluation of every monetary item we have. And, it will NOT be about money any more. It will...

| October 3, 2008 3:05 PM

Bulls and Bears Battle it Out on Wall Street; "Bailout" Bill Goes to House
Here are the top stock news stories you should be following today:
  • Down does Frazier, Down Goes Frazier... The market is doing its best imitation of that classic boxing match between Muhammad Ali and Joe Frazier. Read more.
  • The House is expected to vote on the bailout bill at noon today. Read more.
  • Hold your horses Wachovia (WB). It looks like you will be part of Wells Fargo (WFC) now instead of Citigroup (C). Read more.
  • Employers cut 159,000 jobs from the economy in September, much more than the 100,000 lost jobs expected by economists. Read more.
  • Look for the dollar to gain strength today. French Prime Minister, Francois Filon stated that the world was at the edge of the abyss. Read more.
  • We can end the week with this news: Anheuser-Busch stated that beer sales grew during the third quarter. Read more.

| October 3, 2008 9:51 AM

Senate Passes "Bailout" Plan
Check out the top stock new stories I'm following today:
  • Bailout (oops I forgot - economic stabilization) passed in the Senate last night. Read more.
  • It was a big yawner in the market yesterday or was it? The Dow traded down only slightly, but only after recovering from a 100 point loss. The Nasdaq ended up losing a little more than 1% of its value. Read more.
  • Oil seems to be the only market acting rationally. There the price of crude dropped below $100 on an unexpectedly big jump in crude supplies. Read more.
  • The SEC extended the short selling ban until the Congress passes the rescue plan.
  • The Warren Buffet/Ayn Rand Show continued yesterday with a $3 billion investment in General Electric (GE). Read more.
  • Stock futures are lower ahead of economic data. Yes the economic stabilization bill passed the Senate, but now the market will focus unabated on economic data. Read more.

| October 2, 2008 9:39 AM

Wall Street Rollercoaster: Stocks rally day after record-setting drop
Here are the top stock news stories you should be following today:
  • The roller coaster ride continues as the Dow rallied to a 485 point gain, its third highest point gain ever. The Nasdaq rallied 98 points or nearly five percent. Read more.
  • The S&P/Case-Shiller 20-city housing index dropped a record 16.3 percent in July from the year-ago period. No city saw an annual gain for the month of July for the fourth straight month. Read more.
  • Sheila Blair, Chairman of the Federal Deposit Insurance Corporation said on Tuesday that a temporary increase of government insurance on bank deposits would help alleviate a "crisis of confidence." Read more.
  • Citing the mistaken routing of trades from another exchange, the Nasdaq stock market canceled a block of transactions in Google stock following a confusing drop in price late in the day. Read more.
  • Oil prices moved over $101 yesterday with the strong moves in stocks. The bulls are of the belief that the US economy will avoid a deep recession. Read more.
  • Employers are cutting jobs in a major way. Employment consulting firm, Challenger Gray is out with a report stating that employers announced plans to cut 95,000 jobs in September an increase the 88,000 cut in August. Read more.
  • Wal-Mart (WMT) is not taking the slowing economy sitting down. Today the company announced that it is reducing pricing for the holiday season. Read more.

| October 1, 2008 10:39 AM

House kills bailout plan: Dow Drops 777 Points
Check out the top stock new stories I'm following today:
  • Stocks plunged as the House of Representatives failed to approve the $700 billion the so-called bailout. The Dow lost 777 points or nearly seven percent while the Nasdaq fell nearly 200 points or nine percent. Read more.
  • Expect a day or two of a cool down in Washington as the administration scrambles for a solution that will pass in Congress. Read more.
  • If you told me last summer that the price of a barrel of oil would fall by over $10 and stand at $96 I would have told you the Dow would probably be up 700 points. Read more.
  • Shares of Apple, Inc. (AAPL) hit fresh 52-week lows on Monday after analysts downgraded the stock due to slower consumer spending. Read more.
  • Mortgage giants Fannie Mae and Freddie Mac disclosed Monday they are facing a federal grand jury investigation into their accounting practices. Read more.
  • Look for a snap-back rally in stocks today as futures point to a higher market despite losses in markets across the globe. Read more.
  • For those looking at individual stocks take a look at Avon Products (AVP). Read more.

| September 30, 2008 9:11 AM

Chesapeake Energy - A possible double?
Submitted anonymously I owned Chesapeake Energy (CHK) for a while. I sold if half way into its recent run-up. To me, it seems a great company, but I don't read company reports much. I don't believe they are accurate. The issues I have in all companies, especially oil exploration, is credit availability. CHK is not so much an exploration company, but I feel their dividend should be more substantial considering their position in pipes and the stuff in production. They...

| September 29, 2008 10:49 AM

My Comments

Lisa Kaneff:

Amazing. Your post should really inspire anyone of "our generation" to start taking ownership of our decisions. For those of us who grew up with a theme of "immediate satisfaction", it can be hard to think that we can't have what we want, when and how we want it. But it's true. "Sacrifice" is a word we are all going to have to get used to.

Absolutely amazing post. Thank you!

Posted by Lisa Kaneff | April 2, 2008 10:28 AM

Lisa Kaneff:

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Posted by Lisa Kaneff | June 26, 2008 3:35 PM