Another Bank...

Yesterday we saw WAMU seized by the FDIC and sold to JP Morgan Chase. Wow, this is history, we have seen some of the supposed best and brightest build companies that take decades to erect and then it is destroyed under there helm in a matter of weeks. Does this sound just a little weird? Could they have not seen this coming, or just did not. Greed can drive people to do CRAZY things. Furthermore, we are in a heated political campaign with recession on the horizon and more job cuts. Will anymore banks fail? Many are estimating that more small banks will fail, but who knows how many more of the big boys will take the dive, there aren't many left anyways. Also, this crazy 700 Billion bailout bill is getting thrown around on the Hill. Who is going to pay for all this?? But if it is not done what will happen to the markets??

RIMM is getting smashed. Read more here...

NIKE beat the street this week. Check this out

That's all for today. Have a great weekend.
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