Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

na

na

Mad Mail question:

General comments...

Q:    In the four years I've been watching, we've had some ups and some downs, but I never doubted your integrity. The losses were tuition in the school of life. Thanks for making me think. You should be flattered to have the naysayers say you caused a crash when, in fact, you are the only expert ever to say "sell" rather than "hold." Keep on ranting and stay off the cheap scotch 'til you get us all through this mess.

Jim:    Other than the cheap scotch, I appreciate all of that, because I'm still sticking with that. Now, understand, it was something I didn't want to do. I was on the "Today Show"... I was like meek, I didn't want to do it... I was like, "sell"... But, you know what? I'm supposed to tell you what's going to happen. I'm not a reporter who tells you what happened. I'm being paid a lot of money to tell you what I think is going to happen, as I have for my whole career. So, if I think it's going to go down big, and it's at 11,000... or I think it's going to go down big, and it's at 10,000... I'm going to say it! I'm not going to tell you to stay the course, if I think you're going to get a whooping of your life. It's not popular to do what I did but, you know what? It's what I did from my kids... I've got to tell the truth. The truth is painful, but I've got to do it.

na

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Mad Mail question:

General comments...

Q:    I wish I could say all your recommendations have been right on, but thne you'd walk on water and we know you can't do that. I'll be the first to admit you gave me some bum steer (Mercadolibre, Inc. (MELI)... that was the eBay (EBAY) from Latin America... it went up and then fizzled... but you also gave me some really good ones like PBT, and more importantly, in fall of 2007, I heard you say get out of financials. At that time, I was holding big positions in Merrill, Citi & Bear Stearns. I sold them all that month (against the advice of my "full service" broker) and made off with a nice big multi-year return, just before the CDOs hit the fan! Keep up the good work and don't let the buggers get you down.

Jim:    Thank you... I always say, I own my mistakes. I appreciate when someone hears, "they know nothing, they know nothing" and sells stocks.

na

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Mad Mail question:

General comments...

Q:    There is an incredible inifusion of cash into our financial system - $700 billion from the U.S. and $2.3 trillion from Europe. Where is all this money coming from? Is this money (from what) each country keeps on reserve, or is it in itself leveraged?

Jim:    It's leveraged. Now, remember, we've really basically set up a sovereign fund... a U.S. sovereign fund... that's going to be paid by the taxpayers. I think it's good. We need to get out of this jam. Anything we can do to avoid the Great Depression 2, which we are certainly going to have, if we keep fooling around... anything! We've got to get rates down to 1%, Europe's got to cut its rates to 1%. We must get rid of the Great Depression 2 before it happens.

RIMM

55.75

Mad Mail question:

Research In Motion (RIMM)

Q:    I have been reading about how RIMM might be up for a takeover by Microsoft (MSFT). Is this true or is it just a rumor? How will this affect RIMM's stock either way?

Jim:    I just think categorically it's not true. If it happens, I'm just dead wrong. But I think RIMM's an expensive stock... it's Blackberry. I like the company very much, but I don't think Microsoft - after what it did with Yahoo! (YHOO) - is going to be in there buying anybody. Shame on Yahoo... shame on Yahoo for turning down that $30 bid, and on Bill Miller, from Legg Mason, who actually endorsed the turndown.
Really embarassing.

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Mad Mail question:

General comments...

Q:    I have watched your show over the past few years and you have helped me tremendously. The one thing that frustrates me is that people bad mouth you. Unfortunately, no one is right all the time. I don't buy all the stocks you recommend, just the stocks that I feel are great opportunities after conducting my own due diligence. You bring value to the table in that you provide education and insights into the market (with a splash of humor)... I just wish I had a little more money to invest because I feel like a kid in a candy store.

Jim:    Let's keep a lot of money on the sidelines. If you need the money for the next five years, it does not belong in the stock market. I have picked a lot of bad ones. I've picked a lot of good ones. At my hedge fund, I always said the same thing... If I'm right 51% of the time, we'd all get rich.

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