The! Biggest! News! of! the! Day! - Not Countrywide Layoffs, Lowe's Earnings, or Hurricane Dean
Here are some of the contenders for today's biggest...news...of...the...day...
- A report that says Countrywide Financial (CFC) is "laying off loan-origination staff"...
- Better-than-expected earnings from Lowe's (LOW)...
- A drop in crude after weather reports suggest Hurricane Dean will not hit Gulf of Mexico production platforms...
- A "Where's Waldo?" analysis from Bill Gross who says "Those looking for clues to the extent of the spreading fungus should understand that there really is no comprehensive data to allow anyone to know how many subprimes actually rest in individual institutional portfolios"...
- Commentary on the recent market turmoil that says "For years big players ignored obvious dangers and reaped rich rewards. Now they are paying the price - and so is everyone else"...
- A discussion about Ben Bernanke, John Maynard Keynes, and the Street's reaction...
- A look into 'what's next' now that the Fed has cut the discount rate...
- A look into what mergers-and-acquisitions deals could be in trouble...
- A look into whether the Fed's move to cut the discount rate helped to save Countrywide Financial (CFC) from bankruptcy...
While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Stock futures are narrowly higher...this piece discusses the outlook for today and might not seem "unusual enough" to earn the title of "today's biggest news of the day"...at least not without the context.
I found the article listed under Yahoo's "Odd News" category...



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