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See Mad Mail
questions and Jim's
responses, below...
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Mad Mail question:
General market question...
Q: You seem to have
a more reasoned, practical approach to
the economy/market than most of the
so-called gurus. In many instances, your
forecasts are downright eerie. It seems
clear that there will be massive
legislation to curb the now-obvious debt
derivative excesses (whoopee!). Do you
have any sense of what is the next area
of potential trouble? Many thanks for
the common sense, plain talk. Please
keep up the good work, as obviously no
one else will.
Jim: I don't know...
I was watching Dylan tonight... I think
Dylan (Ratigan, from CNBC's show, Fast
Money) does a real solid job of being
skeptical. He was really great today.
He's great a lot... Now, here's the
deal... There was a fabulous article
written today by Doug Kass,
in RealMoney.com, as part of
TheStreet.com, where I'm chairman... It
was about private equity... The word is,
Doug Kass laid it out, that the big,
next shoe to drop is private equity...
deals done between 2006 and 2007... that
are going to crater and cause gigantic
problems. I think he's right.
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Continued below...
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Wednesday,
October 22, 2008
(Cont'd from
above)...
Viewers write to
Jim, asking
about stocks or
simply about the
market in
general...
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Mad Mail question:
General market question...
Q: On Thursday, you
shared a theory that the upswings in the
markets have been driven by large
investments in the S&P futures as a
commodity, rather than investment in the
individual stocks that make up the S&P
500. If there is an unusual undercurrent
here of artificially raising the S&P
stocks, which for the past 5 days seems
to outweigh the performance of the
stocks on their own merit, should we be
looking only at those S&P stocks that
meet explicit yield thresholds, have
lots of cash on hand, and are least
effected by an economic downturn? Why
look outside the S&P if we can realize
some short-term gains from large amounts
of unusual investing?
Jim: That strategy,
which is a conservative strategy, did
better than any other strategy this
week. It is amazing how conservative,
tried-and-true strategies made you more
money in this rally than anything
else... I think you're dead right, and I
want to do exactly what you said.
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Read Jim's next Segment
here
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