Toddo On TV: Wachovia Not the Rallying Type

Minyanville Staff  Aug 22, 2008 4:15 pm

Toddo On TV: Wachovia Not the Rallying Type
 
Markets, movers and more.
 

 
A shotgun weekend wedding for Lehman Brothers (LEH)? There's a lot of baggage on its balance sheet. Like most of the financials, notes Toddo, it's a double-edged sword.



Now watch this! Toddo's staring at Wachovia (WB), which isn't participating in today's bank rally. Also, Retail Holders (RTH), Research in Motion (RIMM) and Washington Mutual (WM).



What's driving crude? The scuttlebutt is that a $3 billion fund is barring redemptions, which could be affecting energy and, indeed, commodities.



In the Buzz & Banter segment, Toddo talks about the S&P. To his mind, its fair value is considerably lower given where credit spreads are.

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Comments (2) See All Comments »
08-22-2008, 7:43 pm
I commiserate with you Todd. It is very difficult, telling others in this fanatsyland market that it's heading for an almighty crash.
Today's market action was almost as absurd as that of April Fool's Day; another rollicking r
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08-23-2008, 12:11 am
It's takes a brave bold man to tell it like you do on one of the major networks....5 years :-o

Reading through an article a day or so ago that linked to the CNBC video where you spelled it out with Jim Roger's like foresig
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