BOSTON (TheStreet) -- The best monthly rally in 37 years leads your quick fix of company, market, economic and investing news for Friday, Oct. 28.
Friday's 5 Biggest Stories
This month's 14% rally on the
will rank as the
ninth best month for U.S. equities
ever and the biggest monthly gain in 37 years.
Given how great this rally has been, investors need a
sobering point of view on the big picture
Speaking of wet blankets,
says that the approved 50% haircut on Greek debt qualifies as a
. Just don't tell the sovereign CDS holders.
And don't look now, but
is collapsing like a little
and could be a canary in the coal mine.
balks at spinning off its PC business due to the price, putting flip-floppers across the globe to shame.
Quote of the Day
"No one actually owns stock except corporate insiders, ETFs and fast-asleep elephantine mutual fund companies who would sooner hit the snooze button on the alarm than actually shake up a board of directors," blogger and financial advisor Josh Brown on the egregious pay package of
outgoing CEO Rob Gillette.
in smartphone sales in the last quarter. Before everyone freaks out, remember that was before the iPhone 4S launch.
People may be buying phones, but it looks like fewer are shelling out for
As if people didn't have enough reasons to love Jamie Dimon,
won't slap customers with a debit card fee.
S&P 500 rally a melt-up
, the likes of which we haven't seen since Long-Term Capital Management failed?
The second installment that rips to shreds the popular proposals floating around for
mortgage principal writedowns
For all of the deal euphoria in Europe, it's easy to forget how
crappy the global economy is
. For example, I give you France.
need to come with this sort of disclaimer.
If you were a
bullish investor at the beginning of October
after September's drop, you deserve props.
Odds and Ends
that many expected to be a snoozer for ratings, this has actually been one of the best baseball contests ever.
It's Friday. It's snowing in Boston. Let's warm up with this solid track from U.K. band
-- Written by Robert Holmes in Boston
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