Financial News from Mad Money from 9/28/2009

Goldman Sachs Group, Incorporated (GS) Discussed on CNBC's Mad Money

Goldman Sachs Group, Incorporated is in the news. Find out how this impacts GS trading on Ockham Research.

Market has a value over a ton of when the bailout money is used up is the derivatives' market >> I don't think so. We need transparency. When I was a salesman at GOLDMAN SACHS or hedge fund manager I didn't like to sell or buy anything where there was no real if we had transparency then we wouldn't have had this problem. One of the things that happens is, it's like a great disinfectant. And if we knew what the prices were, then we'd have thicker markets and then you're worried about the destructive capabilities of the derivatives would go away. Here's mark in texas. >> caller: big texas boo-ya from >> thewhat's up, mark? >> caller: with over budget deaf sis soaring and the dollar sinking against our major trading partners if you put some of your portfolio in precious metals would you go with gold, gold miner or an etf like jld? >> i'll tell you. The ultimate one to buy is bullion but most people don't have the ability to store the if you can, that's number one.

“… real if we had transparency then we wouldn't have had this problem. One of the things that happens is, it's like a great disinfectant. And if we knew what the prices were, then we'd have thicker markets and then you're worried about the destructive capabilities of the derivatives would go away. Here's mark in texas. >> caller: big texas boo-ya from >> thewhat's up, mark? >> caller: with over budget deaf sis soaring and the dollar sinking against our major trading partners if you put some of your portfolio in precious metals would you go with gold, gold miner or an etf like jld? >> i'll tell you. The ultimate one to buy is bullion but most people don't have the ability to store the if you can, that's number one. …”

Bank of America Corporation (BAC) Discussed on CNBC's Mad Money

Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research.

Shorting stocks. Which is another reason why the etf's need to to go. Crackdown on the the real law breakers please. Not just clearing your docket like when you slapped you're fine on BANK OF AMERICA. That was slapped down by a good but the bad guys should be the one who is pay not the shareholders. Especially in a case like this, where the bad guys took the none warrant supposed to. Stop trying to clear the docket. They need to take their eye off the prize where, the investigation shows us the prize front running was the wrong one. It was a ponzi scheme and they were looking for something else. Front running? That was the greatest ponzi scheme in history. They approved any rule change to level the playing field to make it equal. It's an sec that gave BANK OF AMERICA executives a $33 million slap on the wrist for hiding you would think it was the shareholders when it should have taken it from the executives! The sec has a lot to atone for. They can do it by doing their jobs. Reinstating the uptick rule and getting rid of the double and triple-leverage and try to catch the bad guys. Charles in california? >> caller: hey, jim, a big boo-ya to you. >> not bad. How you doing? >> caller: pretty good. I have a question pertaining to the derivatives market. It's gone unregulated for 36 years. According to a report I read from the bank of international settlements, the derivative's market has a value over a ton of when the bailout money is used up is the derivatives' market

“… d be the one who is pay not the shareholders. Especially in a case like this, where the bad guys took the none warrant supposed to. Stop trying to clear the docket. They need to take their eye off the prize where, the investigation shows us the prize front running was the wrong one. It was a ponzi scheme and they were looking for something else. Front running? That was the greatest ponzi scheme in history. They approved any rule change to level the playing field to make it equal. It's an sec that gave BANK OF AMERICA executives a $33 million slap on the wrist for hiding you would think it was the shareholders when it should have taken it from the executives! The sec has a lot to atone for. They can do it by doing their jobs. Reinstating the uptick rule and getting rid of the double and triple-leverage and try to catch the bad guys. Charles in california? >> caller: hey, jim, a big boo-ya to you. >> not bad. How you doing? >> caller: pretty good. I have a question pertaining to the derivatives market. It's gone unregulated for 36 years. According to a report I read from the bank of international settlements, the derivative's market has a value over a ton of when the bailout money is used up is the derivatives' market …”

Potash Corporation of Saskatchewan, Incorporated (POT) Discussed on CNBC's Mad Money

Potash Corporation of Saskatchewan, Incorporated is in the news. Find out how this impacts POT trading on Ockham Research.

But instead I chickened out. I took a pass. I missed a huge 41% move. Before I corrected myself. I wasn't short. I just atoned for being too certain about POTASH, too convinced and blinded by the company's old bullishness. The mistake with air gas was just the opposite. It's possible to be too skeptical. That's what I want to talk about you've got to believe in somebody. When that person has built up a lot of credibility, like "mad money" in cramerica, it can be a mistake not to believe in them. I literally had been recommending this one for years, right up until I went negative on october 24th, 2008. After the show's ninth interview with air gas' ceo. At the time, the stock was down 46% from where I last recommended it on may eighth of that year. I'm atoning for my sins. That was mi first mistake. I couldn't take the pain from

“… t the opposite. It's possible to be too skeptical. That's what I want to talk about you've got to believe in somebody. When that person has built up a lot of credibility, like "mad money" in cramerica, it can be a mistake not to believe in them. I literally had been recommending this one for years, right up until I went negative on october 24th, 2008. After the show's ninth interview with air gas' ceo. At the time, the stock was down 46% from where I last recommended it on may eighth of that year. I'm atoning for my sins. That was mi first mistake. I couldn't take the pain from …”

Potash Corporation of Saskatchewan, Incorporated (POT) Discussed on CNBC's Mad Money

Potash Corporation of Saskatchewan, Incorporated is in the news. Find out how this impacts POT trading on Ockham Research.

About its own prospects. When you rely on their assertion assertions without doing your homework, you can lose your way. Let me tell the tale. POTASH, it was telling you things were getting good, maybe even turning fabulous. I got sucked into their certainty, saying I liked the stock at $92 on july 29th, 2009. I got way too bullish about a company peddling something not as good as ma newernure. These guys lowered the boom in a press release, flashing numbers big time from a range of 4 to $5 to $3.25 and $3.75. That crushed the stock. They had the audacity to issue this friday after close. Sometimes you get hammered. It's going to happen. But we need to cut down on the I bought into the POTASH story because I believed all the good things the company was saying about a turn in fertilizer after a year of plummeting problems. I failed to realize that this company like so many others doesn't like to be negative. Even when the abyss is staring them right in the face. You need to pay attention to much more than just the company. If you're only listening to management, they can sell you POTASH was way too promotional. I never should have believed their bullishness. I feel conned. Here's a line from the late friday night preannouncement conference call where they cut the numbers. Our 2009 earnings are still expected to be among the best in company history despite an expected decrease of 60% in overyear over year POTASH. History? Come on. We care about the estimates and beating them. POTASH couldn't deliver. They can't help themselves. Even after they preannounced a horrible number, they're still promoting themselves. Even though the fertilizer business was terrible, POTASH earlier in the year announced the great fertilizer over. And I believed them. First problem, I had actually been cautious about the fertilizer business. I'd been right. I had been recommending tetranitrogen. I decided to get aggressive. I told you to dump it in favor of POTASH. When business is not good, stick to the companies that can pay out big dividends no matter what so they can support the stock. Not the ones about to proclaim business is going to get better and better. I didn't pay attention to corn, to wheat, soy. Farmers buy fertilizers to grow so the prices are very telling for the fertilizer business. Despite POTASH's bullishness, corn and wheat prices were still dropping. Soy was flat. Farmers aren't going to buy more fertilizers when the price of their crops is falling. That's common sense. I didn't pay attention to it. POTASH's conference call lulled me into believing things were it should have been obvious they were selling into a down market. The technicals were bad. The top stock newsletter, the writer of that taught me how to she told me the POTASH charts should be short. I don't believe you should totally rely on the technicals. I should have given more credence about what she had to say. That's why you use the technicals, to question I wasn't current. I hadn't done my daily homework on technicals. That's my bad. Even worse, I told you that monsanto, a much better company, was a sell. I thought the seed company was badded but fertilizer was good. I told to you sell monsanto. No better house in the same crummy neighborhood. This is the kind of thing where the company was so bullish, we let ourselves be blind-sided and press ahead without thinking. We failed to recognize that beholden to farmers doing I figured POTASH knew something I didn't. I'm not saying you should never believe what companies say about i'm not saying a bullish conference call should be when a company is very bullish about its business, you should stand up and take notice. A bullish conference call isn't you've got to verify. We didn't do anything verification with POTASH. We believed in the conference sometimes as it turns out, companies are being too self promotional. When you're too certain, too reliant on what a company has to say, in the end market, you can really screw things up. I screwed it up. I wish I could tell you it won't happen again. All I can do is to promise to not let it happen again. This is one tough job. POTASH wasn't the first time i've been fooled. I know it won't be the last.

“… nty, saying I liked the stock at $92 on july 29th, 2009. I got way too bullish about a company peddling something not as good as ma newernure. These guys lowered the boom in a press release, flashing numbers big time from a range of 4 to $5 to $3.25 and $3.75. That crushed the stock. They had the audacity to issue this friday after close. Sometimes you get hammered. It's going to happen. But we need to cut down on the I bought into the POTASH story because I believed all the good things the company was saying about a turn in fertilizer after a year of plummeting problems. I failed to realize that this company like so many others doesn't like to be negative. Even when the abyss is staring them right in the face. You need to pay attention to much more than just the company. If you're only listening to management, they can sell you POTASH was way too promotional. I never should have believed their bullishness. I feel conned. Here's a line from the late friday night preannouncement conference call where they cut the numbers. Our 2009 earnings are still expected to be among the best in company history despite an expected decrease of 60% in overyear over year POTASH. History? Come on. We care about the estimates and beating them. POTASH couldn't deliver. They can't help themselves. Even after they preannounced a horrible number, they're still promoting themselves. Even though the fertilizer business was terrible, POTASH earlier in the year announced the great fertilizer over. And I believed them. First problem, I had actually been cautious about the fertilizer business. I'd been right. I had been recommending tetranitrogen. I decided to get aggressive. I told you to dump it in favor of POTASH. When business is not good, stick to the companies that can pay out big dividends no matter what so they can support the stock. Not the ones about to proclaim business is going to get better and better. I didn't pay attention to corn, to wheat, soy. Farmers buy fertilizers to grow so the prices are very telling for the fertilizer business. Despite POTASH's bullishness, corn and wheat prices were still dropping. Soy was flat. Farmers aren't going to buy more fertilizers when the price of their crops is falling. That's common sense. I didn't pay attention to it. POTASH's conference call lulled me into believing things were it should have been obvious they were selling into a down market. The technicals were bad. The top stock newsletter, the writer of that taught me how to she told me the POTASH charts should be short. I don't believe you should totally rely on the technicals. I should have given more credence about what she had to say. That's why you use the technicals, to question I wasn't current. I hadn't done my daily homework on technicals. That's my bad. Even worse, I told you that monsanto, a much better company, was a sell. I thought the seed company was badded but fertilizer was good. I told to you sell monsanto. No better house in the same crummy neighborhood. This is the kind of thing where the company was so bullish, we let ourselves be blind-sided and press ahead without thinking. We failed to recognize that beholden to farmers doing I figured POTASH knew something I didn't. I'm not saying you should never believe what companies say about i'm not saying a bullish conference call should be when a company is very bullish about its business, you should stand up and take notice. A bullish conference call isn't you've got to verify. We didn't do anything verification with POTASH. We believed in the conference sometimes as it turns out, companies are being too self promotional. When you're too certain, too reliant on what a company has to say, in the end market, you can really screw things up. I screwed it up. I wish I could tell you it won't happen again. All I can do is to promise to not let it happen again. This is one tough job. POTASH wasn't the first time i've been fooled. I know it won't be the last. …”

Monsanto Company (MON) Discussed on CNBC's Mad Money

Monsanto Company is in the news. Find out how this impacts MON trading on Ockham Research.

That's why you use the technicals, to question I wasn't current. I hadn't done my daily homework on technicals. That's my bad. Even worse, I told you that MONSANTO, a much better company, was a sell. I thought the seed company was badded but fertilizer was good. I told to you sell MONSANTO. No better house in the same crummy neighborhood. This is the kind of thing where the company was so bullish, we let ourselves be blind-sided and press ahead without thinking. We failed to recognize that beholden to farmers doing I figured potash knew something I didn't. I'm not saying you should never believe what companies say about i'm not saying a bullish conference call should be when a company is very bullish about its business, you should stand up and take notice. A bullish conference call isn't you've got to verify. We didn't do anything verification with potash. We believed in the conference sometimes as it turns out, companies are being too self promotional. When you're too certain, too reliant on what a company has to say, in the end market, you can really screw things up. I screwed it up.

“… s good. I told to you sell MONSANTO. No better house in the same crummy neighborhood. This is the kind of thing where the company was so bullish, we let ourselves be blind-sided and press ahead without thinking. We failed to recognize that beholden to farmers doing I figured potash knew something I didn't. I'm not saying you should never believe what companies say about i'm not saying a bullish conference call should be when a company is very bullish about its business, you should stand up and take notice. A bullish conference call isn't you've got to verify. We didn't do anything verification with potash. We believed in the conference sometimes as it turns out, companies are being too self promotional. When you're too certain, too reliant on what a company has to say, in the end market, you can really screw things up. I screwed it up. …”

Apple, Incorporated (AAPL) Discussed on CNBC's Mad Money

Apple, Incorporated is in the news. Find out how this impacts AAPL trading on Ockham Research.

Appreciating and that cash is appreciating along with the and also, what happens to those companies if interest rates >> all right, great question. First of all, I like the back-out cash. If APPLE has $23 in cash, I back out the cash and it's a positive for me. Secondly, not all companies do the right thing with their cash. I've got to tell you, I do not think that cash is is nearly as valuable as dividends. I want that dividend back to they shouldn't be sitting on that cash. If they don't, I have to rethink my plan. Because maybe what they're doing is buying back stock to make sure their options come in. Let's watch for that. Scott in florida. >> caller: boo-ya, jim. Hey, buddy. You mentioned mac-d as a tool to could you give us more >> what i'm looking for is the moving average and the violation on the down side or an exception where it goes higher. I look at it intraday. If the stock goes up and stays up, I suddenly realize it is my and if the stock can't go above that 200 day, then I realize

“… or me. Secondly, not all companies do the right thing with their cash. I've got to tell you, I do not think that cash is is nearly as valuable as dividends. I want that dividend back to they shouldn't be sitting on that cash. If they don't, I have to rethink my plan. Because maybe what they're doing is buying back stock to make sure their options come in. Let's watch for that. Scott in florida. >> caller: boo-ya, jim. Hey, buddy. You mentioned mac-d as a tool to could you give us more >> what i'm looking for is the moving average and the violation on the down side or an exception where it goes higher. I look at it intraday. If the stock goes up and stays up, I suddenly realize it is my and if the stock can't go above that 200 day, then I realize …”

The Boeing Company (BA) Discussed on CNBC's Mad Money

The Boeing Company is in the news. Find out how this impacts BA trading on Ockham Research.

Company goes bad or the stock goes bad. Many people made this mistake in I politely disagree with you. Don't worry about the tax man. Worry about losing the profit. Never confuse a trade for an BOEING was a great investment. I branded it a trade. It still is a great investment. I'm trying to make amends. Stay with cramer. >>> starting october 1st, you can enter to win.

“… is a great investment. I'm trying to make amends. Stay with cramer. >>> starting october 1st, you can enter to win. …”

The Boeing Company (BA) Discussed on CNBC's Mad Money

The Boeing Company is in the news. Find out how this impacts BA trading on Ockham Research.

Accountability. Tonight we're taking that to a whole new level. The level of self hatred and that's talk about one of my biggest screw-ups, recommending BOEING as a trade ahead of the paris air show. Because I believed they would be able to fly the new powerful and fuel efficient dreamliner into france for the occasion. >> boo! >> I thought it would be a as it turned out, BOEING used the air show to reveal exactly the opposite. Of what I predicted. It admitted that it still couldn't build the darn thing the trade was a total and unmitigated disaster. A virtual hindinburg. What should I have done instead of being a lot less cocky? BOEING was an investment, not a trade. There was simply no reason to brand it as a trade. Sometimes the sin is coming out here on "mad money" and playing the hedge fund game like I used trying to come up with a quick winner, which is what I tried to do here. When instead, I should have been making for the home game, the long-term case for BOEING. This was my bad. The story behind this stock wasn't about how quickly they could get the dreamliner and the it wasn't about the analysts taking up numbers after an amazing paris air show. It was about the beginning of a brand-new multiyear air show. One that would have been irrespective of when the airliner flew. Not some stupid trade. I did get the idea from wall and they and a lot of the smart guy analysts were suggesting it would launch in time for the show. They got it wrong. This is my show. I can't just say, hey, they got it wrong, sorry. I should have pointed out that many were speculating they were about to fly but short-term it so big deal if you miss it for a month or two. If I made the case for BOEING, you could have made a lot of you could have bought the stock on the way down, when they told us they couldn't even build the dreamliner yet. Knowing they were in for a multiyear run when they did manage to fill it. I broke one of my card nal rules, which is never turn an investment into trade. Or any of the new rules, the latest gospel according to cramer in bookstores on october this would have been a terrific investment opportunity to buy BOEING down in stages, as I always teach you. As the hot money crowd punted the stock. I kept can you out of buying the stock at a 4% yield instead of selling it into the vortex, which ishamy strategy led you to do. The only way I can atone for this mistake is by making the long-term case for BOEING right in recent weeks, we've gotten good news for the airline industry. Aircraft leasing companies buying our old genesis lease. That means the potential for airline orders is really great. And the participate company of american airlines got a lot of financing. Everyone knows I generally hate the airline stocks. But this helps the airplane what do you think airlines do when they borrow the money? They invariably buy new planes like dreamline. It's great for BOEING. On top of that, the dollar's going the way of BOEING. Meaning it's going to hurt makes it cheaper for modern companies to buy BOEING's also, more merger news. High share was ream acquired, an I should have told you to buy the stock on the way down, whenever you can. Because BOEING's a great long-term story. Every time they delayed the dreamliner it was a gift. I should have been focusing on the real story, the beginning of the new aerospace spacespace story. As long as the stock stays in the low 40s or 50s, i'm saying, i'm making amends, I think you have a winner. I think calling BOEING a trade as the aerospace cycle was starting to turn was one of my biggest gaffes of the year. Still better than a sharp stick in the eye. It's business about to become here's the bottom line. I made a mistake. I should never have gone for the trade when I had a traffic investment on my hands. That was the mistake I made with BOEING. I knew about the new aerospace I decided it was more worthwhile to focus on a couple of points and how the dreamliner might get them for you before the paris air show. Not just because the trade was bad, but also because I should have been highlighting the fabulous investment opportunity. When you have a great investment, that should be the focus, not the trade. The only way I can atone is by telling you I think BOEING is still very much a buy. Because it's an investment, if it goes lower, you can always buy some more. Lease go to noel in texas. >> boo-ya from henderson, texas. >> a texan calls. Ohio as our major place of calls. I have to tell you everybody in texas seems to have a lot of >> you got did. Several credit advancing companies are closing good standing accounts due to upcoming legislation. I want to know what you think of customer service and how does that affect stock prices. >> first, let me say this is a more complicated and better question than it mayo the surface seem. And I say that because until I had my friend, danny marr, come he wrote a book called "setting the table." until he came on, I really denigrated the notion customer

“… werful and fuel efficient dreamliner into france for the occasion. >> boo! >> I thought it would be a as it turned out, BOEING used the air show to reveal exactly the opposite. Of what I predicted. It admitted that it still couldn't build the darn thing the trade was a total and unmitigated disaster. A virtual hindinburg. What should I have done instead of being a lot less cocky? BOEING was an investment, not a trade. There was simply no reason to brand it as a trade. Sometimes the sin is coming out here on "mad money" and playing the hedge fund game like I used trying to come up with a quick winner, which is what I tried to do here. When instead, I should have been making for the home game, the long-term case for BOEING. This was my bad. The story behind this stock wasn't about how quickly they could get the dreamliner and the it wasn't about the analysts taking up numbers after an amazing paris air show. It was about the beginning of a brand-new multiyear air show. One that would have been irrespective of when the airliner flew. Not some stupid trade. I did get the idea from wall and they and a lot of the smart guy analysts were suggesting it would launch in time for the show. They got it wrong. This is my show. I can't just say, hey, they got it wrong, sorry. I should have pointed out that many were speculating they were about to fly but short-term it so big deal if you miss it for a month or two. If I made the case for BOEING, you could have made a lot of you could have bought the stock on the way down, when they told us they couldn't even build the dreamliner yet. Knowing they were in for a multiyear run when they did manage to fill it. I broke one of my card nal rules, which is never turn an investment into trade. Or any of the new rules, the latest gospel according to cramer in bookstores on october this would have been a terrific investment opportunity to buy BOEING down in stages, as I always teach you. As the hot money crowd punted the stock. I kept can you out of buying the stock at a 4% yield instead of selling it into the vortex, which ishamy strategy led you to do. The only way I can atone for this mistake is by making the long-term case for BOEING right in recent weeks, we've gotten good news for the airline industry. Aircraft leasing companies buying our old genesis lease. That means the potential for airline orders is really great. And the participate company of american airlines got a lot of financing. Everyone knows I generally hate the airline stocks. But this helps the airplane what do you think airlines do when they borrow the money? They invariably buy new planes like dreamline. It's great for BOEING. On top of that, the dollar's going the way of BOEING. Meaning it's going to hurt makes it cheaper for modern companies to buy BOEING's also, more merger news. High share was ream acquired, an I should have told you to buy the stock on the way down, whenever you can. Because BOEING's a great long-term story. Every time they delayed the dreamliner it was a gift. I should have been focusing on the real story, the beginning of the new aerospace spacespace story. As long as the stock stays in the low 40s or 50s, i'm saying, i'm making amends, I think you have a winner. I think calling BOEING a trade as the aerospace cycle was starting to turn was one of my biggest gaffes of the year. Still better than a sharp stick in the eye. It's business about to become here's the bottom line. I made a mistake. I should never have gone for the trade when I had a traffic investment on my hands. That was the mistake I made with BOEING. I knew about the new aerospace I decided it was more worthwhile to focus on a couple of points and how the dreamliner might get them for you before the paris air show. Not just because the trade was bad, but also because I should have been highlighting the fabulous investment opportunity. When you have a great investment, that should be the focus, not the trade. The only way I can atone is by telling you I think BOEING is still very much a buy. Because it's an investment, if it goes lower, you can always buy some more. Lease go to noel in texas. >> boo-ya from henderson, texas. >> a texan calls. Ohio as our major place of calls. I have to tell you everybody in texas seems to have a lot of >> you got did. Several credit advancing companies are closing good standing accounts due to upcoming legislation. I want to know what you think of customer service and how does that affect stock prices. >> first, let me say this is a more complicated and better question than it mayo the surface seem. And I say that because until I had my friend, danny marr, come he wrote a book called "setting the table." until he came on, I really denigrated the notion customer …”

AMR Corporation (AMR) Discussed on CNBC's Mad Money

AMR Corporation is in the news. Find out how this impacts AMR trading on Ockham Research.

Good news for the airline industry. Aircraft leasing companies buying our old genesis lease. That means the potential for airline orders is really great. And the participate company of AMERICAN AIRLINES got a lot of financing. Everyone knows I generally hate the airline stocks. But this helps the airplane what do you think airlines do when they borrow the money? They invariably buy new planes like dreamline. It's great for boeing. On top of that, the dollar's going the way of boeing. Meaning it's going to hurt makes it cheaper for modern companies to buy boeing's also, more merger news. High share was ream acquired, an I should have told you to buy the stock on the way down, whenever you can. Because boeing's a great long-term story. Every time they delayed the

“… ate the airline stocks. But this helps the airplane what do you think airlines do when they borrow the money? They invariably buy new planes like dreamline. It's great for boeing. On top of that, the dollar's going the way of boeing. Meaning it's going to hurt makes it cheaper for modern companies to buy boeing's also, more merger news. High share was ream acquired, an I should have told you to buy the stock on the way down, whenever you can. Because boeing's a great long-term story. Every time they delayed the …”