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Cramer's Lightning Round - Baker Hughes' Monster Good Deal (9/17/09)

With BAC under investigation and the majority of C owned by the government, does that mean that C will become the new bank of America?

Closing Update for Thursday, August 27: Late Save

Pitch or catch? Government bails out AIG with taxpayer money, taxpayer gets the shaft, Wall Street gets rich. SOS, different day.

Change you can believe in?

No Buy Recommendations - Cramer's Lightning Round (10/1/08)

JC would do better with his own money on the line --- unfortunately, that's not the case. He's right about one thing --- do your own homework.

His online company downgraded ACI this morning. I bought it at 24 last Friday and picked up a quick five points. Thanks, Jim.

Cramer has quoted the virtues of reading the front page of the NY Times to extrapolate investment information. Good article about China on the front page over the weekend in regard to a new farming policy. Seems to me that China wants to modernize the feudal farming business. I would extrapolate that would be good for dry bulk, tankers, fertilizer, seed, farm machinery, and infrastructure. Jim?

No Buy Recommendations - Cramer's Lightning Round (10/1/08)

Cramer should stop with the doom and gloom and get more constructive. Panic selling good stocks at a loss isn't going to accomplish much unless you need the tax write off.

Cramer gets it wrong just as often as he gets it right. The July 15 bottom on WB was just one example. He owns up to the mistakes when he makes them, but you still own the losses.

Would I sell ACI at 27? No. Would I sell NOV at 40? No. Would I sell FWLT at 30? No. Would I sell JOYG at 37? No. Would I sell MOS at 40? No. While I may not add to positions until the market settles down, I certainly wouldn't panic and sell companies with strong fundamentals, healthy balance sheets, and excellent management for a loss. I'd just put them away and take a look again in 18 months.

BTW ---- Both Biden and Palin were pro the use of all alternative energy including cleaner burning coal in the debate. ACI is a buy.