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I should probably learn to take the money and run more quickly. Back in December I wrote about Diebold (DBD) at about $33 per share and said investors should probably look elsewhere due to earnings quality concerns and what I considered to be unsustainable cash flows. That looked good until this morning, when the takeover offer from United Technologies (UTX) sent the shares up from $25 to $39.

In the interest of full disclosure, this is the third time in as many months that a takeover bid has made one of my bearish calls look stupid (at least temporarily.) In September I w

Filed under: After the bell, Market matters, Symantec Corp (SYMC)

Despite a negative GDP report coming in at -0.3% to begin that start of the recession, stocks actually spent most of the day in the black. The Treasury has finally started paying TARP funds out to large banks, and the second tier banks are next in line. Oil is contained, and an old and haggard looking T. Boone Pickens gave an interview this morning saying he was out of oil but thinks oil will go back to $100.00 next year.

Here are today's closing bell levels:
DJIA: 9,180.69 (+2.11%)
NASDAQ: 1,698.52 (+2.49)
S&P 500: 954.09 (+2.58

Barron's magazine returns to its 11 Roundtable participants, who weigh-in with their mid-year thoughts, and updated stock picks (see parts I and III)

Marc Faber

• Stock market negatives include still-inflated earnings estimates, potentially higher interest rates, and an Obama candidacy.
• He likes Japan (SCJ) for its low valuation, including Mitsubishi UFJ (MTU) and Mizuho Financial (MFG). AMR (AMR) on a predicted drop in oil prices. Gold (GLD) ("If you have no exposure to gold, start buying it here."). And shorting U.S. Steel (X), which will take a hit if the pace of building in China an

Barron's magazine returns to its 11 Roundtable participants, who weigh-in with their mid-year thoughts, and updated stock picks (see parts I and III)

Marc Faber

• Stock market negatives include still-inflated earnings estimates, potentially higher interest rates, and an Obama candidacy.
• He likes Japan (SCJ) for its low valuation, including Mitsubishi UFJ (MTU) and Mizuho Financial (MFG). AMR (AMR) on a predicted drop in oil prices. Gold (GLD) ("If you have no exposure to gold, start buying it here."). And shorting U.S. Steel (X), which will take a hit if the pace of building in China an

A while back I complained that several stocks I had been bearish about had gotten boosts from takeout offers. Namely, Diebold (DBD), Delta Airlines (DAL) and Yahoo! (YHOO).

Delta stock finally broke down, and then agreed to a merger at much lower share prices.

Today I look less stupid about Yahoo, though the stock is still up 5% from the date of my bearish article, compared to a 4.3% decline in the S&P 500.

So that’s two down and one to go.  Each reduction in my apparent stupidity is welcome.

Disclosure: At time of publication, William Trent has no financial position in the companies mentioned