Here’s what I’m thinking is about to go down: A chilling head-fake sell-off followed by new highs for equities.
$XOM
Danny Och's Massive Volatility Bet
Have you heard about this one yet?
The Most Profitable Companies in the World (Yes, Mostly Oil)
Click to Embiggen! Source: The World’s Most Profitable Companies (BillShrink.com)
Hot Links: Icahn vs Trump, Mexican Junk Bonds & Words For Our Madness
Stuff I’m Reading this Morning… US Dollar strengthening while Greece deteriorates. (Bloomberg) Gregor‘s take on the Exxon – XTO deal. (GregorMacdonald) EPIC: Carl Icahn vs Donald Trump for casino control. (DealBook) Surprise, surprise: Merrill is bullish on stocks for 2010. (PragCap) Mexico bonds downgraded, just above junk status. ¡Viva La Credit! (LATimes) “We Need New…
Forbes: Exxon's Nat Gas Acquisition Points the Way
Rex Tillerson, CEO of Exxon Mobil, just slapped the global oil industry upside the head with his $41 billion deal to buy nat gas giant XTO.
Anticlimactic.
Let me get this straight… Citigroup Raising Tens of Billions To Pay Back TARP! The Abu Dhabi Cavalry Rides to the Rescue to Bailout Dubai! Exxon Mobil Announces $41 Billion Buyout of Nat Gas Giant XTO Energy! and the S&P 500 is up (drumroll)….. 7 points. Dow up 32. Wake me up in January, the…
