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DepewTube: Pot Holes on Main Street


Markets, movers and more.

On Friday afternoon, Kevin Depew resisted the urge to call it an early Friday and entertained a few questions from Fox Business' Liz Claiman. Regional banks were getting hit again, particularly after a downgrade on Friday by BMO Capital suggested the regional bank Fifth Third (FITB) might be next in line to raise capital and possibly cut dividend by 50%. The key here is that this is a story for Main Street as opposed to Lehman (LEH) and Bear Stearns, which were, and are, Wall Street stories.

The saga continues as Yahoo (YHOO) last week struck and ad-sharing deal with Google (GOOG). What does this mean? Kevin opines that the Microsoft (MSFT) deal is off the table... for now. But essentially, all the Google deal is doing is buying time. Also note Carl Icahn's comments over the weekend saying the deal with GOOG "has merit".

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No positions in stocks mentioned.

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