texasgolfer

Dynamite Drug Stock - Cramer's Lightning Round (8/21/08)

If bear was "sold" at $10 then if WAMU sold/bought will it be for a similar price? The question is will it sell for more than the $4.00 stock price? No one knows, so it kinda like a roulette red/black bet.

The Market Domino Effect: Staying Ahead of the Curve

Every time we have a domino theory for some reason the unbroken chain of collapse never seems to make it all the way to the end or become what was envisioned i.e. Vietnam; Communism; Iraq; Tech bubble; any bubble. I simply can not understand why everyone limits their thinking to the USA when most of the stocks and fear have a world wide market and our puny population is dwarfed by the BRIC. No less that 10 times in the past week, observers point out they have recently returned from (pick a country) and have seen no evidence of the slow downs being reported. We all know our media does not check its fact before reporting and relies on other news agencies for their information. Our financial reporting is less than transparent, especially banks and real estate and most financial programs are more interested in selling a service rather than actual reporting. The analyst don't analyze and the ratings agencies don't rate. Negative news sells better than positive and 95% of homeowners pay their mortgage and credit card on time. Those that can't or won't can go BK and pay on a workout for 5 years or liquidate. Loss reserves will probably cover. Even though banks write off the mortgage loan balance in foreclosure, when the property ultimately sells those proceeds go to recovery over a period of years. Seems to me if you buy good companies with a good history and track record and management without options backdating or other reasons to take advantage of stockholders you should be ok and although we probably don't like it, the illegal workers do provide a lower cost basis for those jobs our high school educated teens will not do. We also know the President did not make this mess, but the Congress certainly did as well as the States and their insatiable demand for money.