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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
- 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 Comments10 Comments
eBay: Bottom Is a Few Months Away
Actually you're wrong -it is a popularity contest - ask car manufacturers.
How can you write everything that's wrong with ebay - all caused by J. Donahoe, and then say he's doing the right thing. It's like saying the powers that be are doing the right thing about the economy - now that they've messed it up.
I have already decreased our ebay sales to 10% of what I once sold due to their changed imposing a nonprofitability curve for many collectibles. That's OK, I opened my own online mall and am doing just fine selling there. The only reason we even list on ebay is for the crossover sales to our other site.
The day I'm forced to send someone an item and then sit around with crossed fingers waiting for them to maybe pay me is the day it's down to 1%. In fact, I'm rethinking it already. If someone can't pay for something then they shouldn't buy it. I
f the seller wants to accept lay-a-way or some sort of payment on those lines - I could see that, but mailing an item without payment is just sheer nonsense. Nobody is going to do it, probably including Buy.com, Sears and all the other huge retailers that eBay's been catering to of late.
So, when nobody does it - I guess eBay will have nothing to sell. Which is good for me, more antiques and collectibles sellers will come on over and get a store in my mall - 3 month free trial and as low as $5.50 a month after that. 6 different forms of payment processing - No extra charges.
See - it is a popularity contest!
10 Ways the Financial Meltdown Impacts Tech
How Would an eBay Layoff Impact Sellers?
eBay's customer representatives are so poorly informed about the company's rules and policies that in lieu of trying to contact them, new sellers most frequently go to eBay boards to get help from other sellers and to PowerSellersUnite for answers to really complicated problems. If you can reach them at all - they are reading canned responses to your questions that often make no sense.
eBay Is a Losing Bid - Barron's
What sellers and buyers have learned from all this eBay drama - They can sell and buy elsewhere for less- Etsy, CollectorsOnlineMall, OnlineAuctions, Ebid, etc. -- And thanks for the training on selling at fixed price eBay! Sellers have flocked to online malls and store hosting sites and, thanks to GoogleBase, buyers are following.
The question is... when all the small seller competition is gone will eBay's new favorites - the giant retailers like Sears and BUY - still need eBay?
Not Seeing a 'Better & Safer' eBay
You may have to copy & past the entire url above in your browser. The link doesn't seem to be taking here.
Not Seeing a 'Better & Safer' eBay
This is a link to an aggregated search engine for displaced ebay sellers. Blujay and Ecrater stores have already been included as well as some independent websites. Please email me your link if you'd like to be included. There's also an option to place the search on your website.
Great article. Despite ebay, we'll work together and find a way.
eBay Watch: Alibaba Stake, U.S. Store Promotion, e-Commerce and GMVs
I'm one of the founding sellers who is leaving and I'm not complaining- just selling a lot on other sites.
eBay: A Countercyclical Opportunity
Ebay, on the other hand, seems to be seeing a refugee-like departure of their core sellers in categories like antiques, hand-made items, collectibles, sports cards, etc. This is likely to increase once sellers start seeing the increased final value fees in black and white on their ebay invoices while facing the threat of having their money tied up in Paypal for 21 days.
Ebay alternatives have been marketing a lot to sellers, but there is a shift - and now they're marketing to shoppers. It may not be long before shoppers learn that they'll have to look off-ebay for the hard to find items they long for.
eBay: A Countercyclical Opportunity
Shopping sites like Ecrater have drawn my business and that of many others. There are no listing or final value fees. They have secure shopping carts like Google Checkout, Paypal, and credit card options, checks and money order payments.
So, in a recession, when people need to save every penny - it would be a wise decision to use sites like this. Once the shoppers become aware of sites like Ecrater they'll also like them better because the prices are generally lower since we merchants are saving money on fees.
Is Donahoe Trying to Destroy eBay?