ATLBob

Paul Volcker: The Voice in the Wilderness

On Jun 29 07:41 AM Alan Young wrote:

> Mark, you've got to stop with the "money doesn't grow on trees" line.
> We all know that money grows in Fed computers, which require much
> less input (land, water, energy) than trees.
>
> Aside from that, thanks for another powerful piece of history.

Yes: the money does 'grow' from the Fed and is not harvested from trees: however, one can safely say that this particular crop of money has been highly fertilized by the legislative and executive branches.

Nice article, by the way.

Cramer's Mad Money - Buy Bank of America (3/10/09)

Cramer has the same dedication and attention span related to any individual stock as a four year old does when watching a 30-minute cartoon show. This is OK as long as you remember that Cramer (who is a really smart and experienced guy in addition to being a CNBC entertainer) is essentially an 'uber trader' and not a long term investor. Unless you define long-term as one week.

Between all of the emotional, bipolar rants on government policy or pleas to buy/sell a particular position or a particular industry, Cramer often discusses some informative and educational investing and trading concepts that can be helpful to those with limited financial experience.

Watch Cramer for the entertainment value and the occasional financial lesson, but don't base investing decisions on what he says. By the time a particular stock is praised or reviled by Cramer, the time to act has generally already passed and the audience needs to remember 'caveat emptor'.

Accept him for what he is (entertainer, educator and trader) and make your own informed, researched investment decisions and only take the risks that are appropriate for your financial position, goals and timeframe.

Wall Street Breakfast: Must-Know News

Great quote: What is the source/who said it?

On Mar 03 09:25 AM know nothing wrote:

> "You cannot legislate the poor into freedom by legislating the wealthy
> out of freedom. What one person receives without working for, another
> person must work for without receiving. The government cannot give
> to anybody anything that the government does not first take from
> somebody else. When half of the people get the idea that they do
> not have to work because the other half is going to take care of
> them, and when the other half gets the idea that it does no good
> to work because somebody else is going to get what they work for,
> that my dear friend, is about the end of any nation. You cannot multiply
> wealth by dividing it."

Citibank - On Guard! - Cramer's Stop Trading! (9/12/08)

IMHO, Sears Holdings is more of a real-estate play than a retail play, since both Sears and KMart are well-worn and past their prime in the retail world. Eddie L is a pretty smart guy and picked up lots of commercial property at 'blue light special' prices when he took charge.

Eddie Lampert Sells Out of Citi, Leaves Room Arabs/Asians to Climb In

FYI: the correct symbol for Wells Fargo is WFC.