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Cramer: What Wall Street doesn't get about the SunTrust-BB&T mergerJim Cramer says the tie-up has more to do with technology than any traditional success metric for big banks. jimcramer davefaberThe technology future doesn’t drive local community banking, customers do. As an analyst on Bloomberg remarked the deal is very small, a non-event in the banking world. End product they will be driven by regulation not by customer needs. Cramer continues to sound more and more like Trump. Nobody but him understands any given situation,ie, it’s eerily like The Moron vs the Generals.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street firm says there is a 'strong case' for gold over bonds, stocks nowBernstein is suggesting investors look to gold and gold mining stocks to reduce risk, according to the firm's global quantitative trading strategy group on Monday. Gold is always good. Personally, I've been recommending being long both for several months now. In a slowing global economy with rising market volatility and monetary policymakers who are completely lost/unable to stimulate, both gold and Treasuries look like smart investments to me ... Gold has gone almost NOWHERE for ages. Why? Because for the time being its role has been displaced by cryptocurrencies.
Source: CNBC - 🏆 12. / 72 Read more »