After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim:
We dodged a bullet
today...
[Please accept our
apology as this is the
first time that our
recording of the Mad
Money show failed, and
we are not able to fully
recap tonight's
episode... We
truly are sorry for your
inconvenience, and we
are taking measures to
prevent it from
happening again.]
Pick up a copy of John
Kenneth Galbraith's,
The Great Crash of 1929...
That should be required
reading in this market.
Here's the bottom
line...
. . . .
.
The Bottom Line!:
We love the action at the end of the
day, sure... But we want you to
understand the worst case, which we
desperately want to take off the table,
but we have not removed yet. The
administration - even though it's gotten
better lately - played Herbert Hoover
for far too long. And, unless they go
further than they already have, in
trying to rescue the economy, including
Europe, we can't rule out the
possibility of another 1929... Wow, hate
to say that...
■
Stock Snapshots - Includes
all stocks mentioned above
■
Jim
Cramer's
rating on
this stock
STOCK
SYMBOL
Closing
price
that
day
Opening
price
next
day
Full Company
Name/Comments
(see comments above for
each)
na
na
na
General comments about the decline in
the
Dow,
and where we go from here...
Most popular
investing books ordered:
(click any book to see at
Amazon.com)
We need your help!
If you find our service valuable, your
donation is critically helpful to support
our operating costs and is
MUCH appreciated!
(click below to donate)
We are serving thousands
of
new visitors every day and our costs are
growing as well. Thank you for your
support & generosity!
Final Segment 2
See complete
recommendation comments
below...
Final Segment
2 Title:
'1987
Scenario'
. . . .
.
Featured
Stock(s):
No new stock
picks...
After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim:
What do you do after
the worst weekly drop in
the Dow's 112-year
history?...
Oh, okay... let's put
our heads together...
Now that the Dow
intraday has reached my
8400 target... even as
it came back up above
that at the end of the
close, and I'm heartened
because of that
end-of-the-day rally...
it's time to change our
incredibly negative
bias...
Starting today, we're no
longer in total, endless
sell mode on these big
down days like we've
been ever since Dow
11,000 a month ago...
That's right, we're
growing more
constructive, after what
was a 3000-point decline
from the "take 20% off"
call... and a 2000-point
decline from Monday to
Friday... Remember,
again, the worst selloff
since 1933... That makes
us a little more
constructive...
So what do we want to
do?...
We want to rent some
stocks now, and actually
own some stocks, if the
market (stabilizes).
[Please accept our
apology as this is the
first time that our
recording of the Mad
Money show failed, and
we are not able to fully
recap tonight's
episode... We
truly are sorry for your
inconvenience, and we
are taking measures to
prevent it from
happening again.]
Here's the bottom
line...
. . . .
.
The Bottom Line!:
Even though today's late rally
deviated from the 1987 scenario, it's
still a possibility that the market will
go down hard on Monday and maybe even
harder on Tuesday for a bottom. Even if
it doesn't, I want you to use some of
that cash you've raised to start
building positions in companies with
high yields. That will be the new
leadership... high yields that don't
need to borrow to make money... that's
the new leadership. Don't use your cash
all at once though, because the 1929
scenario is still on the table.
. . . .
.
■
Stock Snapshots - Includes
all stocks mentioned above
■
Jim
Cramer's
rating on
this stock
STOCK
SYMBOL
Closing
price
that
day
Opening
price
next
day
Full Company
Name/Comments
(see comments above for
each)
na
na
na
General comments about the decline in
the
Dow,
and where we go
from here...
[
end of final segment ]
Go to the SUDDEN:DEATH
SEGMENT from
tonight's showhere >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >>
Symbol keys:
A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
You can see the complete
portfolio
of stocks
here >>
Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
the stock. We do our
best to interpret Jim's
opinion on stocks, as we
think it is indicated by his
comments during the show.
Please read his comments to
decide for yourself.
Thumbs down -
indicates he has said not to
buy or to sell the stock,
based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
comments to decide for
yourself.
Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about.
Definitions of key phrases
used by Jim, known as
"Cramerisms":
Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back...
Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you.
Definition:'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock).
Definition:'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
Translation for buying
stocks: This
recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
See more
"Cramerisms" & other
financial phrases
here >>
Helpful Websites:
See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
Stock Homework 101:
This is an excellent
upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
