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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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No positions in stocks mentioned.

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