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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (85585)	9/18/2008 7:56:40 AM
From: ajtj99	Respond to of 116555

Morgan Stanley works best with Wells Fargo, but it's too expensive right now. Besides, Wells Fargo is going to be buying up a lot of banks over the next couple of years. I think they stand a good chance of getting Wachovia, although I don't know if they have overlap issues with branches. JPM should get WM from the FDIC as well. I doubt we'll see another shot-gun marriage like MER/BAC. We're likely going to see only value plays. Speaking of China, the SSEC, it hit very important support today at 1800. If that doesn't hold, the next support above 1,000 is 1,400. I had 1,800 and 1,400 as support for this fall if 2250 failed.