Email question about:
Setting Price Targets and Sell Orders...

Q:        With a market that swings so wildly, what are your suggestions on setting up price targets? Do you recommend setting sell orders in hopes of locking him some gains, or do you think that is too reactionary? What is a good method for setting price targets? Thanks for everything you do.

Jim:     We are using yield, okay... because, remember, we're buying stocks that are either recession proof -- and there were going to use may be a 3 to 4 point scale -- but I prefer buying the stocks with accidentally high yields, so you start when the stocks at 3.5%, and then to 4%, and then to 4.5% and 5%... and then you buy a little bit at each level, and then you roll it right back up... it's called trading around a core position... I mention how to do this in Real Money: Sane Investing In An Insane World... my book... but I've got to tell you... I didn't talk to yield them... I talk yield now. That's the way to do it, is with yields.

Email question about:
The Russian market and the ruble's effect on the stock and bond markets...

Q:        Russia is engaged in a slow the devaluation of the ruble. This makes me wonder... what if we were to devalue the dollar? What effect would that have on the stock market? What about on the bond market?

Jim:     Now listen... all day today, I've listened to people who say... oh the weak dollar is bad, oh the weak dollar is bad... The weak dollar is great, okay... the dollar got too strong. We got to maintain our competitive advantage. Those who come on (TV), and say that they are worried about the weak dollar ... what they are worried about is that there are going to be too many people thrown out of work. What they say... a weak dollar keeps people at their jobs... On Mad Money, we want employment... we don't want foreclosures... we want people to keep their jobs. That's why we like the weak dollar.

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