After this
segment, you can
see Jim's Opening
Segment picks
here...
On India and China's education
system... JJC: Well, I've
always felt that China... look,
they have a lot of people there,
it's difficult to have them all go
to school, you know? I hate to say
this, but I think that America
really is great... much better
than all of these other countries.
I think we've lacked some
leadership...I said that to Chris
Matthews this weekend, and we had
that same debate...
. . .
. .
On the Bank Stocks... JJC: I got the
Downey Financial
(DSL)...it
announces 13-month selected
official debt...this may be, this
is so 1990... this is like the
worst non-performing assets,
they're just skyrocketing so you
could obviously just then
immediately infer that
Wachovia Corp. (WB)
is just horrible, that
Bank of America (BAC)...
Oh
Countrywide Financial Corp.
(CFC),
by the way, just today, eliminated
non-conforming fast and easy
document waiver today... Does BAC
have any idea what it's getting
into? And DSL is WB... Because of
that fabulous acquisiton of Golden
West, that Kent Thompson did, the
one that cost $25 billion that
actually wound up costing $50
billion... Kent Thompson...I was
on the USS Harry S. Truman when he
was deposed, but he was WB...it
was like Thompson bank, featuring
Ken Wachovia... I mean how bad,
how bad... well, go through the
Downey financials...they are
daunting. BAC has the big
dividend, and home equity... I
hate to use that term (afraid)...
I mean they have a lot of home
equity. I just think that when you
get in... effective today, CFC
will no longer offer the
non-conforming fast and easy
document waiver program... I mean,
wait a second... this just came
out today. I mean, shouldn't that
have come out like two years
ago?... It came out today! They
were still doing it... Does BAC
know what it bought?... I mean
this is the ultimate toxic waste
pit. I happen to like BAC very
much... I have always had a great
relationship with them, but I
think that this was a big
mistake... it just was a very big
mistake...
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think it is indicated by his
comments during the show.
Please read his comments to
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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 >>
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upcoming site that provides
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Jim Cramer recommends after
hearing his suggestions...
FastMoneyRecap:
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Jim Cramer's past comments
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