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"Value stocks, also known as undervalued stocks, trade at a lower price than the company's reputation, earnings outlook, or financial situation would seem to merit."
-- TheStreet.com Glossary (Related term: Undervaluation)
Sept. 14, Bank of America (BAC Quote) announced that it would acquire Merrill Lynch (MER Quote). Bank of America Chairman and CEO Ken Lewis called the acquisition the "deal of a lifetime."
Sept. 24, it was announced that Warren Buffett's Berkshire Hathaway (BRK.A Quote) would invest up to $10 billion in Goldman Sachs (GS Quote). Buffett said Goldman "has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance." ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
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