Now, I haven’t done much research on it but I don’t think there are too many publicly-listed rehab plays. Maybe there is a private-equity rollup in there somewhere.
What we really need is rehab for Washington D.C. and Wall Street. Now, that’s a great idea! Can you see all the Federal Reserve officials, Senators, and Goldman Sachs bankers doing Yoga in California with Lindsay Lohan? Hey, it worked for Michael Milken.
Okay, onto more news:
- Pfizer beats the street and its stock-price hiccups (Reuters). Gets my award as the most boring blue-chip of the last ten years. Maybe it’s time to buy that 5% divvy?
- Meanwhile, when’s the last time you heard about Pfizer and Proctor & Gamble both listed in the WSJ as “Hot Stocks” (WSJ)?
- For those who think China’s now a preeminent global leader: China’s Three Gorges dam is imperiled by islands of garbage (Reuters).
- Blackberry threatened by a Gulf states ban (BBC).
- Federal government declares Gulf Spill the “worst ever” (CNN). No report on what they think about Charlie Sheen’s shenanigans.
- Pending home sales decrease 2.6% (Bloomberg). Hmm. People are buying houses. Shocking, isn’t it?
- Blackberry is introducing it’s new touch-screen phone today (Bloomberg). No word on whether you can use it to call Saudi Arabian intelligence officials.
- Remember when the U.S. Dollar was a piece of trash? Well, that’s back again… (WSJ). I will trade you dollars for rubles.
- Is Bing outmaneuvering Google? (CNN).
- Corning is trying to bring back “Gorilla glass,” a product from the 1960s (AP). Can you call something 50 years old innovation?