THE DOW 11,000 EDITION
15 APRIL 2010
IS THE WORST OVER?
Investors Giddy As Dow Posts Best Close Since 2008
Despite the looming presence and the impatient foot tapping of The Tax Man, investors were downright giddy yesterday as the Dow closed at 11,123 — its highest level since September 2008.
What's your take? Is, as Fed Chairman Ben Bernanke contends, an economic recovery on the way? Or is it too soon to tell? Toss in your two cents on StockCentral.
On to this week's headlines . . .
HISTORY, WISDOM AND ACCOLADES
Top-Rated IAS Newsletter Offers Members-Only Discount
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Published continuously since 1973, every issue features:
* Three stock recommendations, each with a completed Stock Study prepared using Toolkit 6;
* Updates on all stocks covered by the Service
* Recent company news and earnings reports;
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IS BREAKING UP NOT SO VERY HARD TO DO?
SC Member Sees Profit in Bank of America Triple Play
The first pitches of the 2010 Major League Baseball season were barely leaving the mound as SC Member Danny Matthews began pondering a different kind of Triple Play: the break-up of Bank of America (NYSE: BAC).
"Here's an interesting thought on what BAC might be worth broken up," Matthews posted on the StockCentral Forum, referencing an April 9 article from TheStreet.com. "I kinda agree. They were a $50 stock without Merrill Lynch, which is now in the fold."
The article Matthews refers to quotes Rochdale Securities analyst Richard Bove, who contends that the value of BAC in parts is worth considerably more than the whole. Bove also argues that there is support from Congress, the Obama Administration and regulators for breaking up the nation's largest banks.
What's your take on the prospect? To view the link to the article and post your own thoughts, check out the BAC Forum on Stock Central.
TODAY'S ENTIRELY RELEVANT QUOTATION
"The secret to getting wealthy is that there is no secret. The only way to get rich — unless you inherit or marry a fortune or hit the lottery — is to get rich slowly.
— Charles D. Ellis and Burton G. Malkiel, The Elements of Investing