After this
segment, you can
see Jim's Opening
Segment picks
here...
On Banks... JJC: I mean, I
think that he was so right in
distinguishing the part of the
credit crisis that Bernanky and
Paulson say is over... it is over.
That has nothing to do with the
reality. Because in 1990, we
really had a lot of shot-gun
situations... we're going to have
them again... Eventually this
value money is going to run out.
And the way I would look at it is
look at the value money that was
put into
Ambac
(ABK)...
You never hear about that. The
value... I mean, honestly, and by
the way, all those great guys,
those great mutual fund managers
who came on endlessly and told you
we were buying more and averging
down... Where did they go?...
Those guys have just left. They
have left the building. They have
really Elvis-ed us. I just think
the losses that these mutual funds
are suffering and the pull out
that they're having is causing a
lot of what we see, which is the
endless selling. Now, it's not the
endless selling that you see in
Jan, which by the way, endless...
I'm just saying that the value
guys seemed to have run out of
capital. They've seemed to run out
of capital,that's what I'm saying.
ABK is an example of what happens.
You can't catch a falling knife on
banks. Look at the
SunTrust (STI)...
Remember SunTrust used to be the
gold standard... now, when we have
Rio Tinto (RTP)
on... I wouldn't even make them
the "aluminum standard." I
mean, that's you know, hey.
SunTrust... I can't believe what's
happening... That's a great bank.
. . .
. .
On A New China Trade... JJC: Yeah, I like
Gushan Environmental (GU).
It's the only Chinese stock I'm
recommending because it's biofuel,
biodisel. No... waste management
at a 52-week high yesterday... No,
it's a company that's going to be
inventive, it's alternative
energy. I mean the Chinese need
alternative energy more than we
do, and I would look to them for
perhaps the developing things. By
the way, the China trade... That's
why I thought, look, the idea that
they're not subsidising the
comsumer, they're cutting it
down... They gonna glob on to all
the oil they need from the
government. Don't forget that
they're re-building a 12 million
person city... Re-building it.
That's ten (Hurricane) Katrinas...
Well, I have to tell you that
again, we are very zenephobic in
this country. We generally believe
that we are the major buyer of
commodities. We think we're 1964
or something. We still act as if,
if our housing market is bad, then
copper should plummet... We're
just not that important for
heavens sake. What happens if
Toyota (TM)
really makes the battery-powered
car?... is that it requires a lot
of copper. Now, we can't seem to
bring a lot of copper to... This
is the stuff of, this is 2010, not
2020. We're talking about within
the immediate future. It's so
important for American investors
to recognize that you can't keep
shorting these stocks based on a
housing start number in our
country. If we are not the
marginal buyer of any of these
commodities. The market is
horrible, but it's our financials
and our auto companies.
. . .
. .
On the top three mining trades
right now... JJC: Well, okay, I
genuinely believe that... Look, I
think
CVRD (RIO)
is great... Look, let me
just cut to the chase... the
Brazilian mining company of RIO,
that's the symbol, RIO, is the
cheapest in the world right now,
because of the tremendous decline
in the Brazilian market that makes
no sense to me... So let's just
buy that one... and not go any
further. That's one that I've been
trying to focus on on my show... I
have not had a chance to be able
to do it of late.
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Please read his comments to
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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
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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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Jim Cramer recommends after
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