Friday, 10/10/08
Posted 10/09/08,  08:01 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 10/10/08

  Dow Jones:   8,451  - 128
  Nasdaq:   1,649   + 4
  S&P 500:      899   - 10
 
 
 
 
 
First Segment
 
See complete recommendation comments below...
 
Opening Segment 2
Title:
'Silent Action'

.  .  .  .  .

Featured Stock(s):

General Comments - about the market


See Opening Segment 2, below...

 
After this segment, you can see Jim's Lightning Round picks here...


Jim:    
What a rally off the lows of the day... After it looked like we were going to be bear food for most of the day...

Truly behold, there is a Stonewall Jackson, tour de force rally!...

Still, this week we've seen a selloff of truly epic proportions... something reminiscent of 1987 and, perhaps, even after the great Crash, as the market was down 18% this week... the most since 1933...

Ever since September 19th, I've been telling you to take at least 20% off the table, in order to sidestep what amounted to be a subsequent 3,000-point decline in the Dow...

[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!:     The best way to keep this rally - that we saw in the afternoon - alive, and I don't count the last 100-point selloff... This was a beautiful rally... just one of the most amazing days I've ever seen... and save our economy... is for the government to say nothing more in public, but round up the biggest, most solvent banks in private... even some that aren't that solvent, but are too big to fail... and give them all guarantees... give them every guarantee they need... let them carve up the weaker banks... and then force them each to lend $100 billion of U.S. money, but we don't know it's Treasury money... and tell the public they're open for business again. You won't hear it from the Feds but, if you hear it from the banks, you'll know they've adopted my plan and, at last, we'll be on the right track.

 

   
 

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

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See all of tonight's stocks' latest quotes on Yahoo! Finance



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Second Segment
 
See complete recommendation comments below...
Final Segment 1 Title: 'Mad Mail'...

.  .  .  .  .

Featured Stock(s): See comments below...
 
After this segment, you can see Jim's Lightning Round picks here...

.  .  .  .  .

 

   
 

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)

KMP

44.00

na

Mad Mail

Kinder Morgan Energy Partners
(KMP)


Q:  
  Because all of the market is being battered, I am sure that there are sectors that are being beat up much more than they should be. For example, electric utilities. Now that natural gas costs are way down and the charge for electricity remains the same, doesn't this bode well for these beat up utilities that stand to make money due to lower input costs? Which electric utility companies rely heavily on natural gas for fuel and which stand to make the most money from fuel savings?


JJC:
     I'm going to short-circuit this question and just tell you to buy KMP, okay. Here's a company that just said they're going to raise the dividend. Now, be careful. The stock was at $35 and closed at $34. When this one comes down - KMP, it yields almost 10% - that's the one you want, okay. No ifs, no ands, no butts.





DLTR

FDO

35.45

24.38

na

na

Mad Mail

Dollar Tree Stores
(DLTR)
Family Dollar Stores Inc.
(FDO)


Q:  
  My question is about DLTR. People have to buy things for the holidays, and put some kind of gift under the tree for the kids, etc. This play has many of the attributes of Wal-Mart (WMT*) - which is a stock I own for my charitable trust - despite the fact that it is at the bottom of the retail market chain. Could this stock actually do well in this extremely difficult environment?


JJC:
     Here's what I am going to do... I am going to sit down and analyze DLTR and Family Dollar Stores Inc. (FDO) and I will have an answer on Friday's show, because I think your question is a good one and I want to be sure about the fundamentals before I say yes. Because, theoretically, I say yes, but, theoretically, Ben Bernanke speaks, and he's not practical. I'm going to be practical. Theory is not good enough.



na

na

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Mad Mail

Advice about safety in retirement...


Q:  
  I desperately need some advice. My husband is 84 and I am 72. Our income is very low. House paid for. Got scared today and took my money out of a CD (certificate of deposit savings account) and money will be here next week... $95,000. Now what do I do with it? Thinking I should buy gold, but am not sure. My bank and all of the other banks in the area are rated "D", and I have just had enough. I would appreciate it if you would tell what you think is the best thing to do at this time.


JJC:
     Okay... you are obviously worried, you're concerned. I think you should put that money in a savings account which is insured up to $250,000 by the FDIC, and we'll wait for better times. But I think your attitude is a good one. If you are worried and concerned, why should you worry every minute about your money? It will be safe in the FDIC account.



na

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Mad Mail

General comments...


Q:  
  They all should have listened to you when you were ranting and raving about financial conditions and what was going to happen. You tried to warn us all, but no one seemed to listen. I was watching when you first did it live, and I'll have to admit, I thought you were exaggerating. You were 100% right... You are so passionate about what you believe and that is a good thing... Keep up the good work.


JJC:
     Go to YouTube.com and hit up "Jim Cramer and Erin Burnett" and you will see what I was doing... which is that I said that they knew nothing, that they were going to be behind the curve, that people were going to lose their jobs, that major firms were going to close... Everything happened. And did Bernanke listen? No! He thought I was an idiot! He thought I was a joke! He's never been on a (trading) desk in his life! I've got to tell you something... He should go back to Princeton (University)... He should be all theoretical... because he's not good enough to do this job... he's letting us down.



 

 

Go to the LIGHTNING ROUND from tonight's show here >>

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:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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...

StockHomework101.com

This site is coming soon.   Thank you.

 
  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.

Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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