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Last Call: Greed Has Something to Do With It
09 Jul 2012 EDT - CNBC.com
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“Certainly greed has something to do with it… one offer was 4x higher in cash than the best offer here… I couldn’t rationalize not selling him overseas.”

-J. Paul Reddam, owner of “I’ll Have Another”

— Below the winner of the Kentucky Derby and the Preakness is heading to Japan for $10 million.

Market Musings WithCNBCMarket Guru Robert Hum

  • Yet another bad case of the Mondays: Dow slumps 36 points, falls for 6th straight Monday
  • Dow, S&P see first 3-day losing streaks in over a month
  • Nasdaq posts first back-to-back declines in over a month
  • MS Healthcare Payors Index surges 10 percent on Wellpoint’s acquisition of Amerigroup , has best day in 3.5 years
  • Bonus “Look-Ahead” Musing: A good “case of the Tuesdays” for stocks: Dow has risen in each of the past 6 Tuesdays, S&P up 7 straight Tuesdays.

    The Word on the Street Tonight

    Alcoa Kicks Off Earnings Season With a Slight Beat /CNBC.com w/ AP: “Alcoa reported quarterly earnings and revenue that beat Wall Street's expectations on Monday, but its shares wavered in extended-hours trading. Following the release, the largest U.S. aluminum producer's shares initially rose but last traded flat.”

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