5 Things You Need to Know Before the Stock Market Opens
BOSTON (TheStreet) -- More worries over the European debt crisis lead your quick fix of company, market, economic and investing news for Monday, Nov. 28.
Monday's 5 Biggest Stories
Europe takes a step in the direction of solving the debt problem with the European Financial Stability Facility, aiming to make budget discipline legally binding and enforceable. [WSJ]
Even as Europe looks to bind its nations, there is louder talk of a eurozone breakup. [FT]
Every euro region country credit rating is now threatened by the debt crisis, says Moody's. [Bloomberg via Washington Post]
Speaking of debt problems, if Italy thinks it's getting bailed out by the IMF, it's got another thing coming. [Reuters] You're never going to believe this: Banks took emergency loans from the Federal Reserve during the financial crisis, made $13 billion with it and used the money to get bigger. [Bloomberg]Quote of the Day
"The best way to keep a non-violent movement non-violent is to throw a party, and keep it festive and atmospheric," an Occupy Wall Street protestor in Los Angeles said of the group's decision to celebrate their movement rather than vacate their encampment as instructed. [USA Today]Company News
Apple (AAPL) is prepping new updates to its MacBook Air laptop line. [Digitimes] Staples (SPLS) will begin selling Dunder Mifflin-branded products. No word yet on Dwight Schrute bobbleheads. [WSJ] Netflix (NFLX) shares will double, says a hedge fund manager burned on the short side who now is long on the stock. [Reuters]Markets
Black Friday and Cyber Monday sales jump from last year at a faster-than-expected pace. [BBC] Investors just witnessed the worst Thanksgiving week for stocks in almost 80 years. [Reformed Broker] Everything you need to know about the economic release schedule for the week ahead. [Calculated Risk]Investment Strategy
Reviewing an analyst's call that oil prices can't fall much from where they are now. [Pragmatic Capitalism] Calling for the death of social media stocks like Groupon (GRPN) and LinkedIn (LNKD) may be premature. [Fortune] Everyone knows Apple (AAPL) is the favorite stock of hedge funds. New additions to that list of VIP stocks are Newmont Mining (NEM), Williams (WMB) and Comcast (CMCSA). [Zero Hedge]Odds and Ends
Jon Corzine is the face of Wall Street's arrogance. [NY Post] I'm already in the holiday mood after hanging decorations this weekend with my kids. Here's my favorite underplayed holiday tune by the Pretenders. [YouTube] -- Written by Robert Holmes in Boston.>To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: tips@thestreet.com.
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