After this
segment, you can
see Jim's Opening
Segment picks
here...
On City National (CYN)
and Bank Stocks... JJC: God love him,
he's a really good executive. The
cohort is so tough and, if the Fed
were cutting still- which I know
is now out of favor with every
single person that comes on TV -
then I would just... I'd stay in
there and buy it. But the tide is
running against these guys,
because Bernanke (Fed Chairman)
and (Treasury Secretary) Paulson
have said that the fundamentals
are very strong... I just feel
like, to own that group, knowing
that the Fed might be done, is
very difficult, given the fact
that it's such a bad moment. If
you take a totally Laissez-Faire
approach (i.e., do nothing to
affect the situation, and let
things happen), which is the
Paulson approach, then we're going
to lose a lot of banks, and maybe
that's okay. I'm not recommending
any banks... If you follow
Paulson's logic, you should be
shorting all the banks... he's
saying short the banks... He's
telling you we're not going to
help any of them so, without
help... They have a different
ideological framework from me...
They basically say that self-help
and reliance are really
important... and Project Hope is
really important...
Can I just tell you that I think
Rep. Barney Frank is a smart man,
and Sen. Dodd is a smart man...
All I wanted to do is what the
joint Republicans and Democrats
agreed to... the $300 billion
FHA... not the zero money down,
FHA still helping to get bad
loans... All I did was agree with
what Congress wanted... Look, we
have Republicans' agreement. That
was a done deal. But then Paulson
decided that the fundamentals are
"extremely sound"...
JPMorgan (JPM)
goes down everyday, because that
deal (i.e., for JPM to buy Bear
Stearns) is not working... and, by
the way, they will tell you that
the deal is working, because the
last thing you should ever do in
banking is admit that the deal
didn't work... Between the Form
Four brokers that they've lost...
between everyday, we pick up the
paper, and they've lost more
important people... And the fact
is, that that portfolio is worth a
lot less than the $30 billion
guarantee... I can tell you that I
bet they wish that they never did
that deal, but they had to,
because of clearing... They will
completely and utterly deny that,
and I appreciate their right to
deny everything... No one ever
admits that they're in trouble...
I just wish that people would
recognize that the fundamentals
are not as sound as the government
is telling us... That's all I'm
saying... I think that you could
say, look, we are going to stay
focused... like we did in 1990. We
were republicans then, we're
republicans now... We're going to
rebuild the capital base and, when
we've done that, the fundamentals
will be sound. You don't have to
panic people. But I do think the
idea of saying the fundamentals
are sound has created an
impression... a pall over this
whole market... where people just
say, you know what, they're so out
of touch... Keep quiet. Just don't
say the fundamentals are sound,
because that's the Hoover rap...
That's Hoover... Someone has to do
it.
. . .
. .
On Technology Stocks and Salesforce.com (CRM)... JJC: People like
tech, so I'm going to give you the
tech... You see it with
Apple Inc. (AAPL)
today... you know I like
Research
In Motion (RIMM)...
But I just think that CRM is going
to have the strongest quarter of
any of the technology stocks I
follow... CRM... Marc Benioff
(CEO)... And the fact that the
stock's down $2.50... Marc Benioff
is an amazing manager who has
been, throughout this period,
remarkable... and I want to bank
with Marc, and I think his stock -
while not cheap - represents the
best value if you're a growth
guy... And the fundamentals are
not that great - they're not
horrible... just not that great...
Well, why not say it?...
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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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upcoming site that provides
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you do that homework that
Jim Cramer recommends after
hearing his suggestions...
FastMoneyRecap:
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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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