The! Biggest! News! of! the! Day! - Not Yahoo! Inc, Sprint Nextel, Goldcorp, Wal-Mart Stores, or Puts on the S&P 500

Tags: YHOO
5 May 9:27pm
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Here are some of the contenders for today's biggest...news...of...the...day...

  • A look into a possible "shareholder rebellion" at Yahoo (YHOO) as "shareholders are bound to question whether the rejection of Microsoft's sweetened offer was driven more by emotion and ego than sound business sense..."
  • A look into the "Yangtanic"...
  • An article that defends Microsoft (MSFT) saying "It is simply false to say Microsoft is in real trouble..."
  • Continued concerns about Countrywide Financial Corp's (CFC) debt and the potential for a lower bid from Bank of America Corp (BAC)...
  • Buzz that Deutsche Telekom (DT) might make a bid for Sprint Nextel Corp (S)...
  • Earnings from Goldcorp Inc (GG)...
  • An expansion of Wal-Mart Stores' (WMT) low-priced prescription program...
  • Words of advice from Warren Buffett, CEO of Berkshire Hathaway (BRK.A)...
  • Skepticism on the market as some call the recent bounce a "suckers' rally" and option traders bid up the price for puts on the S&P 500 (SPX)...
  • A comparison between Apple (AAPL) and Dell (DELL) with the note that at the end of of last week "Apple was worth 4.04 Dells"...
  • A call for the U.S. dollar to bottom...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - British planners feared tea shortage after nuclear attack. According to the article, "Never mind the radiation: British contingency planners worried there would be a dramatic shortage of tea in the aftermath of a nuclear attack...The shortfall of the staple British beverage would be 'very serious' if the country were to come under attack with atomic and hydrogen bombs..."

I guess I just don't "get" tea...either that or I have crazily inflated fears of what a nuclear attack might potentially bring...


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