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Definately.....
Sure to see more randoms like the Federated States of Micronesia. When did we add them in?
Yup. Don't forgett buying up controll of anything out there that has a history in the US.
they'll have to trash the dollar 1st
Got to love it. The World Bank in just as bad as the press. Doom and gloom
If they had their way, we'd already be using the Amero
Locked and loaded. Thanks Pizza
Which are you top watchers??
When is the Stem Cell Boom coming?
PGCR running. Last days to load the boat!!
Morning All! Where is our turnaround??
World Bank predicts global contraction, credit shortfall
By MarketWatch
Last update: 3:59 p.m. EDT March 8, 2009Comments: 194SAN FRANCISCO (MarketWatch) -- The global economy is likely to shrink this year for the first time since World War II and developing countries will face a financing shortfall as private sector creditors shun emerging markets, the World Bank said Sunday.
In a paper for next Saturday's meeting of the Group of 20 finance ministers and central bank governors, the World Bank said its forecasts show the world's economic growth will be at least 5 percentage points below potential. Global industrial production by the middle of 2009 could be as much as 15% lower than 2008 levels.
World trade is on track in 2009 to record its largest decline in 80 years, with the sharpest losses in East Asia, the bank.
A trend we should follow "Close them down, get them out of business. If they're dead, they ought to be buried," Sen. Richard Shelby, R-Ala.speaking about the banking system...
full story: http://www.marketwatch.com/news/story/republican-senators-say-banks-should/story.aspx?guid=B4A207EE-66AB-4862-81CE-68A91799A006&dist=SecMostCommented
Gold tops $940 as jobless data fuel safety buying
MarketWatch
Last update: 2:36 p.m. EST March 6, 2009Comments: 485NEW YORK (MarketWatch) -- Gold futures rose Friday above $940 an ounce as investors sought safety in the metal after data showed the U.S. February unemployment rate soared to the highest level in more than 25 years.
Gold for April delivery rose $14.90, or 1.6%, to end at $942.70 an ounce on the Comex division of the New York Mercantile Exchange.
U.S. nonfarm payrolls shrank by 651,000 in February, the Labor Department reported Friday. The unemployment rate soared to 8.1%, the highest level since December 1983. Economists had expected job losses of 650,000 and an unemployment rate of 8%.
Over the past four months, the U.S. economy has lost more than 2.5 million jobs. See full story.
The bad economic data triggered "renewed safe-haven demand into precious metals," wrote James Moore, a precious metals analyst at TheBullionDesk.com. "However with cash liquidity still tight and given the volatile moves in equities, further gains could be limited."
Gold had tumbled 9% in eight straight sessions after it topped $1,000 an ounce on Feb. 20. Profit-taking and forced liquidation had contributed to the slump, analysts said, as some investors were forced to sell gold to cover their losses in other markets.
After Friday's gain, gold ended the week almost flat.
Also supporting gold prices Friday, the U.S. dollar fell against the euro, following the weak jobs report. A weaker dollar tends to push up dollar-denominated gold prices.
Morgan Stanley analysts said Thursday in a report that they expected gold prices will average $1,000 this year, up from the $900 they predicted earlier this year.
The Bank of England cut its key lending rate Thursday nearly to zero and announced it would launch an unprecedented program to effectively print money by buying up assets from financial institutions. See full story on BOE.
The European Central Bank also dropped its key lending rate to the lowest level in its decade-long history as it fights a deepening euro-zone recession.
"We still expect market conditions to favor gold prices, given uncertainty in both global and financial markets as well as our optimism that central banks will do whatever it takes to bolster liquidity," wrote Morgan Stanley commodities analyst led by Hussein Allidina in the report.
In other metals trading Friday, March copper rose 2.1% to $1.6805 a pound. March silver rose 1.7% to $13.323 an ounce, while April platinum added 1.3% to $1,078.70 an ounce and the March contract for palladium added 1.9% to $203.50 an ounce.
Gold holdings in SPDR Gold Shares, the largest gold exchange-traded fund, again stood at a record high of 1,029.29 tons on Thursday, unchanged for a sixth day, according to the latest data from the fund.
SPDR Gold (GLD:spdr gold trust gold shs
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Last: 92.29+0.30+0.33%
4:00pm 03/06/2009
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GLD 92.29, +0.30, +0.3%) gained 0.5% to $92.45.
Merck to buy Schering-Plough for $41.1 billion
Merck sees $3.5 billion in annual cost savings
By Aude Lagorce, MarketWatch
Last update: 9:41 a.m. EDT March 9, 2009LONDON (MarketWatch) -- Pharmaceutical giant Merck & Co., Inc on Monday said it will buy rival Schering-Plough for $41.1 billion in cash and shares to expand its presence in emerging markets and bolster its pipeline of potential new medicines.
Shares of Merck slid more than 10% in early trading Monday to $20.41 on the news. Schering-Plough was up nearly 12% at $19.68.
The two companies, which announced significant job cuts last fall, already are partners on the cholesterol drugs Zetia and Vytorin. But sales of the drugs fell more than 20% in the fourth quarter on concerns about their effectiveness.
Under the terms of the deal unveiled Monday, each Schering-Plough (SGP:Schering-Plough Corporation
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Last: 17.63+1.31+8.03%
4:00pm 03/06/2009
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SGP 17.63, +1.31, +8.0%) share may be swapped for $10.50 in cash and 0.5767 Merck (MRK:Merck & Co. Inc
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Last: 22.74+0.60+2.71%
4:00pm 03/06/2009
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MRK 22.74, +0.60, +2.7%) shares. The combined company will be called Merck and led by Merck Chief Executive Richard Clark.
The transaction, valued at $23.61 a share, represents a premium of 34% to Schering-Plough shareholders based on Friday's closing price.
"It's a constructive deal because Merck recognizes that the level of access to Schering-Plough's pipeline is good....Schering-Plough wasn't necessarily in the best position to develop some of these drugs. Overall it's a very sensible move," said Stephen Pope, chief global market strategist at Cantor Fitzgerald Europe.
Merck will finance the cash component of the deal with a combination of $9.8 billion of existing cash reserves and $8.5 billion from committed financing to be provided by J.P. Morgan.
Upon completion Merck shareholders will own roughly 68% of the combined company and Schering-Plough shareholders the rest.
It is the second mega deal announced in the pharmaceutical sector in recent weeks. Pfizer (PFE:Pfizer Inc
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Last: 12.73+0.06+0.47%
9:22am 03/09/2009
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PFE 12.73, +0.06, +0.5%) announced a $68 billion purchase of Wyeth (WYE:wyeth com
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Last: 40.83-0.02-0.05%
4:01pm 03/06/2009
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WYE 40.83, -0.02, 0.0%) in late January.
Synergies, stronger pipeline
Merck expects the tie-up to result in annual savings of $3.5 billion beyond 2011, in part thanks to the full integration of the companies' existing cholesterol joint venture.
The deal is expected to boost earnings from the first full year after completion.
"The combined company will benefit from a formidable research and development pipeline, a significantly broader portfolio of medicines and an expanded presence in key international markets, particularly in high-growth emerging markets," Clark said in a statement.
He added that Schering-Plough's "considerable biologics expertise" would complement Merck's novel proprietary biologics presence to create the best pipeline in the industry. The tie-up will double the number of potential drugs Merck has in Phase III development to 18.
Cantor Fitzgerald's Pope said that the integration should go relatively smoothly as the deal unites two companies with a similar mentality. The absorption of a biotech firm, for instance, could have been more difficult because of the difference in culture.
Schering-Plough generates about 70% of its revenue outside the U.S., including more than $2 billion from emerging markets. The combined company is expected to draw more than 50% of its revenue from outside of the U.S.
Merck said it will maintain its annual dividend at its current level of $1.52 a share.
Once the deal is closed the board of the combined company will be comprised of the Merck board plus three Schering Plough representatives.
Fred Hassan, the CEO of Schering-Plough, intends to participate in the integration until the close, the companies said.
Aude Lagorce is a senior correspondent for MarketWatch in London.
Gold right at $940
Bearish Big Investors Catch Gold Bug...full story
http://online.wsj.com/article/SB123655584569665995.html?mod=yahoo_hs&ru=yahoo
PGCR is going to have a great week.
The time has come IMO
Yo Getthepaper! GM.... How you doing?
Gold is up
DOW going down
PGCR top on my list for next week. Volume shows double 10 day average all week. Had a great december, big gains coming imo.
Thank you kindly brerakout board!
How low are the markets gonna go?
HI all, great board here, tons of good info and DD!
GM in the tank, C and BAC trashed.....scary out there. Where is the confidence gone????
Marked this board too!
Can you say volitale.....Bullish tone fades quickly
U.S. stocks turn lower after an early pop following jobs report that proved to be less awful that some of Wall Street's worst fears.
PGCR.033 volume way up!
Showing great suppourt. Looking forward to next week!
Good luck in the bank sector. Be careful is my best advice. With the FDIC news, we could see a major run on the banks
I hear suppourt coming next week. The volume lately backs that up!
Gahtering big momo, should run today. Have been seeing alot of suppourt this week. Next week going to be great for PGCR!
The gold I am watching today is PGCR
Damn. Nice Chart!!
Have been hearing much over this WLSI.
PGCR another big play imo
Lol, certainly is WILD out there! IMHO, stay away from the banks.......
we could see some major bleeding continue there. Stick to the metals imo. We all know I love Gold!!!
Looks to be the pattern....Hopefully we see the bottom fof the market soon
OK, good tip, thanks. I have been a sprint client for almost 12 years. Guess it is time I got a little skin in it!
About the same. Trying to ignore the news, Obama, and anyone elsy who has a microphone lately!
lol. how you doing today?
Easy now........ Check again
For the record, I had Sydney marked already, but wrote my last before going back to mark the rest of you all. So....cart and horse, or horse and cart.
10-4 Mr. Wildman is with ya!
What do you think of Placer Gold corp. (PGCR)?
OH yeah, and I noticed you had Sprint Nextel on the Golden list. Still a good buy iyo? Where do you antici[ate it'll go?
MTIZ .025 HOD.
Nice bounce point from here imo
HI all, I love this board!! Marked it and the moderators!!!!!!!!
All hail our freedoms to say what ever we like and bear arms!!!
Oh yeah, and as a true conservative, I LOVE GOLD!!!!!!!!!!
Yup. Banks in the crapper. C below $1...wow
Enough is enough, a market slide to 5500 could be healthy
Great video on the future of our economy; http://video.msn.com/?mkt=en-us&brand=money&vid=641557f4-2bf6-4086-b261-09b2a3112eea&playlist=videoByTag:tag:money_top_investing:ns:MSNmoney_Gallery:mk:us:vs:1&from=MSNmoney_videohp&tab=s216
GLTY also Hammer! Can't wait for this one to pop
will do. thanks mhinsea.
Nice 1 Global. On watch
Rappaport: Dow 6000 possible if S&P breaks through November low
Keep a close eye on the S&P 500 - in particular, the intraday low of 741 set last November. "If we break that level, we could see the Dow trade down to the 6,000 or so level," says Craig Rappaport, wealth manager at Janney Montgomery Scott. "I'm not saying its going to go there, but it could." This is a time to keep your head down and be patient, Rappaport says. "The markets have suffered some severe damage," he says, but "economic expansions and bull markets don't last forever, and neither do recessions and bear markets. So this too shall pass."