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When the Bottom Comes, You'll Know It

By Jim Cramer

 About this article:
 Why is there so much chatter about Wachovia getting a bid? Why do people think that its deposit base is worth the heartache of dealing with its mortgage portfolio? We have all heard the chatter about a potential bid for Wachovia, and it sure would be sweet, because the stock has been one of the worst of the group. It doesn't have a CEO, so that fits the scenario of a company that could be for sale. The franchise was always a solid one until now. And I will admit that the secret to the bulls' case for a better second half is a bid for Wachovia, a premium bid that takes everyone's breath away and causes a short panic. My problem is that if you wanted to buy Wachovia, why not wait? What's the hurry? Is it that you might miss a chance at a...

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