General comments from Jim about
how little the Senate Banking
Committee knows about the
importance and urgency of this
plan to save our banking system
and our economy.
See Opening Segment 2,
below...
After this segment, you
can see Jim's Lightning
Round picks
here...
Jim:
We know Congress is
going to work all
weekend to try to get
something passed to help
save our broken bank
sector, with its
invisible runs happening
throughout this
country... That's
right, you don't see
them because there are
no lines... but I'm
telling you, we're
having runs all over
this country.
The stakes - if we get a
deal - I think the stock
market could stay where
it is... go up a little
bit. The banks
could get rescued, but
we've got to give them
more FDIC insurance...
Only then, will they
start lending again, so
you can buy a house,
send your kid to
college, maybe even
start retiring some day,
rather than having to
work two jobs for the
rest of your life...
But, if the deal fails,
it's the Great
Depression, okay...
Multiple bank
failures... they're
starting already...
Witness
Washington Mutual (WM).
I mean, that was the
biggest thrift in the
country... That's
something I've been
telling you would happen
for a year and about 15
months...
That's why the "no deal"
faction, led by Senator
Richard Shelby, who
clearly would walk a
mile for a camera... the
republican from
Alabama... and the
ranking member of the
Senate Banking
Committee... along with
the cohort of so-called
academics, who claimed
this deal - what I call
the "Investment In
America" plan - and
others, less informed,
call it Paulson's $700
billion bailout...
is uneccessary.
They say it's
uneccessary and
shouldn't happen.
And you know what?
I am outraged.
These are the targets of
today's outrage...
. . . .
.
The Bottom Line!:
Richard Shelby would rather take
this country back to the Great
Depression. People are always
saying republicans want to take America
back to the 50s... I found a guy that
wants to take it back to the 30s!
He's just outrageous! You should
outraged about that too!
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Second
Segment
See complete
recommendation
comments
below...
Opening
Segment 2
Title:
'Cramer's Game
Plan
For Next Week'
'Deal or No
Deal'
'Invest In
America'
. . . .
.
Featured
Stock(s):
General comments and Jim's
recommendation to keep selling
into strength until the bailout
plan deal is completed.
After this segment, you
can see Jim's Lightning
Round picks
here...
Jim: While
congress plays their twisted
little game of "Deal or No
Deal"... the consequences of
which I'll get to in a moment...
we've got a brand-new urgent
problem that I've got to
solve...
I'm putting it front and
center... here is its...
We need the Federal Deposit
Insurance Corporation, the
FDIC... the outfit that
protected the
Washington Mutual (WM)
deposits last night when they
seized it... We need it to
up its account protection
insurance right now... from
$100,000, perhaps to as high as
$2.5 million per account... with
even additional protection
available for some percentage
cost...
Here's the bottom line...
. . . .
.
The Bottom Line!:
I've been urging you to sell into
strength for a while, and now you know
why. Dow 8,378 is beckoning...
It's not a place anyone wants to go but,
without a deal, your Game Plan is to
keep selling, to make sure you don't
follow these stocks all the way down...
And call your congressperson. Tell
him Cramer said they've got to up the
FDIC Insurance... they've got up it...
And, for a little bit of a fee, they up
it to 2-3-4... $5 million, and then
major people and major fudiciary
trusts... everybody... will stop pulling
their money out of the banks and putting
it in Treasury bills. This is
really important, and I'm pleading with
you...
■
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
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A Charitable Trust stock.
- An asterisk next to a
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Jim mentioned it is a stock
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
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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
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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 >>
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See the stocks currently
known to be in Jim Cramer's
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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
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