This train wreck is going to be interesting. Jerry just sent out the following email. Here is part of what he says.
we believe microsoft’s proposal substantially undervalues yahoo!—including our highly recognizable global brand, large worldwide audience, significant recent investments in advertising platforms, future growth prospects, our ability to generate free cash flow and our earnings potential as well as substantial unconsolidated investments (like alibaba and yahoo! japan).

Well it looks like Yahoo is talking to AOL.

It is understood that Yahoo! and its team of advisers from Goldman Sachs and Lehman Brothers, the US investment banks, have spent the past week evaluating possible tie-ups with media and technology firms that would save it from being swallowed by Microsoft.
It is also understood that one option being explored is to restart merger talks with AOL, the online business owned by Time Warner.

You have got to be kidding me. Is Microsoft that bad? According to the attitudes of Yahoo it …

Jason brought up a good point:

BTW, those Fast Money guys don’t seem as concerned about disclosing their positions or trading under altered rules like Jim Cramer is.
I wonder why that is.
It’s tough though. If you disclose, your trying to pump/dump stocks. If you don’t, you’re hiding stuff.

I think the reason why the Fast Money people don’t mention all of their holdings is because they are traders/investors. It’s like Buffett where he only mentions things after they have occurred.

Well it looks like Yahoo rejected the deal. Here is what the board said.
Quoting sources familiar with the situation, the Journal reports that Yahoo’s board feels the offer of $31 per share “massively undervalues” the company. A letter spelling out the position is expected to be sent Monday. Yahoo also expressed concern that Microsoft’s offer does not account for risks to Yahoo should the deal be overturned by regulators.
The Journal source said the company would be unwilling to consider an offer below $40 per share, which would represent …

The indices in Europe, and America are down around 4 to 5%, and the question is if we hit bottom. First let’s look at the overall picture for the past year.

Throughout the years I have invested and worked for financial institutions. On the weekend I had a long talk with my wife on my future direction. The future is as follows:

Long Term Goal: Become a fund manager of my own fund. This goal is a long term goal because I need to become fully licensed before I can offer my fund. I have no problem with becoming licensed, but it requires time.
Medium Term Goal: Become a central repository for alternative financial information. I want to talk about how …

I don’t like this merger one bit because it is a waste of money and resources. I am probably the only one saying this. Here is why I think its a dud.