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Friday,
October 22, 2008
(Cont'd from
above)...
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Jim (cont'd):
Now, time for
the mail...
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Jim's
rating on
this stock |
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SYMBOL |
Closing
price that
day |
Full Company Name |
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'Mad Mail'
General
comments...
Q:
Booyah
on your
defense of
(Apple CEO)
Steve Jobs.
Let’s look
at the
score:
Geithner
presides
over the NY
Federal
Reserve and
nods off at
the switch
while the
financial
system
implodes.
Meantime
Jobs
spearheads
the best
tech product
line in
existence,
and the SEC
is
investigating
Jobs?
I’m moving
to
Australia!
Jim:
Hey, put
one on the
barbie for
me pal, I
totally
agree with
you.
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na |
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'Mad Mail'
General
comments...
Q:
A couple
of nights
ago you used
the word
entropy to
describe the
market. I am
impressed by
your range
of
knowledge,
including
physics. The
market is
indeed
messy! High
entropy!
Jim:
I put in
a lot of SAT
words
because I am
very worried
about the
youth of
America… and
see if they
are going to
get that
scholarship
to Harvard.
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na |
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'Mad Mail'
General
comments...
Q:
I
completely
lost it when
I found out
that despite
all the doom
and gloom
that
currently
exists…
Merrill Lynch
(MER)
paid out
utterly
ridiculous
amounts of
money last
Friday to
their
brokers as
“retention
bonuses” so
they
wouldn’t
leave the
firm. Where
the heck are
they going
to go in
this market?
I don’t
know, Jim,
but isn’t
this
outrageous
and just
plain wrong?
Please shed
light.
Jim:
Yeah,
there is no
jobs
whatsoever…
retention
bonuses it
is just a
handout…
look
everything
about this
whole era of
the bonus…
sense the
TARP money…
is
shameless…
pre TARP
money I am
all about
giving them
the money…
why… because
that is
where I got
my start…
didn’t have
any money…
went to the
spud… made a
lot of money
on Wall
Street… but
if you are
going ask
for money
from the
government…
you got to
give in… and
not take the
money and
line your
pockets…
shame… just
a shame.
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na |
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'Mad Mail'
General
comments...
Q:
I have
been
watching for
quite some
time now,
and would
like to know
what you
would do if
you were in
a position
to fix the
housing
mess. It
seems that
the
government
has just
given the
banks enough
money to
sell
foreclosed
homes at
huge losses
and not feel
it on their
balance
sheets.
Meanwhile,
they are
ruining the
market
values of
the
properties
that the
rest of us
own. Do you
think if
they were
forced to
keep and
manage the
properties,
or sell them
for only a
small
percentage
below comps,
it would
help to keep
homeowners
out of the
red by not
destroying
home values?
Jim:
We got
to get the
existing
pool down…
that way all
the… the
rising tide
will lift
all homes…
that is why
we have to
give each
person who
buys an
existing
home a huge
tax credit…
then we have
to have some
of these
home
builders go
out of
business…
ultimately
we have to
forebear on
the banks…
don’t make
them sell
property
until we see
prices
rising.
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[verbatim recap]
[end of segment]
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