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See Mad Mail
questions and Jim's
responses, below...
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Mad Mail question:
General market question...
Q: Kudos for hitting
a home run on two pressing issues -
deflation and rate cuts. I was
absolutely amazed by your very prescient
call on deflation months ago. You were
so far ahead of the curve! Also, your
piece on rate cuts and their importance
was an absolute gem. It was a refreshing
change from most of the doom and gloom
reactions offered by a number of
experts. I loved the fact that you
explained in very simple language how
rate cuts impact the economy. Would you
consider the Treasury Secretary position
or being part of the economic policy
team in a new administration? Keep up
the great work - you simply rock!
Jim: First of all, I
make a lot of mistakes... I don't want
to presume... I am an optimist about
what can happen... I don't want to be
considered a bull or a bear here. But I
am an optimist. I think things could
work out over the next 18 months. We
need housing to bottom. Second, I love
me show... but its hubris to think that
I'd even be considered for any of these
positions. I'm a TV host who was a hedge
fund manager, and I like what I do, and
I've never been reached out, or asked to
do anything politically in my life...
and it's too late to start now...
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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: The other day
during "Am I Diversified?" you had a
difficult time advising the caller as
between
Duke Energy (DUK)
and
Kinder Morgan Energy Partners
(KMP).
In a tough call like that, and in a
market where we should be seeking big
yields, isn't it better to go with the
stock that has an upcoming ex-dividend
date versus one that just passed? The
date to qualify for KMP's next dividend
recently passed, whereas DUK's
ex-dividend date is coming up soon.
Isn't DUK then the better play?
Jim: Alright, I take
all of my dividend analysis from Dave
Pelletier, who does this great dividend
newsletter... and he would totally agree
with you. So, therefore, that was
something I should have been doing. I
was looking at where I felt that the...
over the next couple of years would be
great, but you're absolutely right. I
should have referred to the ex-dividend
date, and that is a great call... Once
again, our viewers are smarter than not
only the average bull or bear, but
often, me...
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Mad Mail question:
General market question...
Q: Can you explain
the impact, if any, the Olympics in
China has on the global economy? If
China spent a record $40 billion on the
Olympics, and we, as the global
community, were leveraged at 30+ to 1,
then would this explain the drop in such
things as steel, copper, oil and
shipping rates? It makes sense since
China shut the country down months
before the Olympics to reduce pollution.
Wound that account for the stockpile of
raw goods being imported?
Jim: I've got to
tell you... China remains an
unbelievable mystery to me. I don't know
what happened. So many people told me,
hey listen Jim... They're going to start
up that economy right after... They are
heading into a severe recession. I am
concerned about China. It's something
that keeps me from being a big bull.
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