Cramer’s Call on Bear Stearns

Aug 18, 2011
J. Webster
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What with the recent stock market collapse, and the battle between Hobbes and Cramer over Bear Stearns, let's look back at the CNBC video of Cramer's call on Bear Stearns on Mad Money. It's really not clear whether he's saying it's OK to actually own the stock or just have money in the company. In the end he was actually right, as Bear Stearns was taken over after it fell apart. It was sold to JP Morgan Chase a paltry $10 per share. It's a call that Cramer will probably never live down. And now, his co-worker, Simon Hobbes,

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Simon Hobbes Versus Jim Cramer

Aug 18, 2011
J. Webster
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There was a battle on CNBC early this morning, Simon Hobbes versus Jim Cramer. It all started when Cramer said there could be another Lehman Brothers type of disaster. The battle really got heated when Hobbes told Cramer he told people to buy Bear Stearns back in 2008, right before it collapsed. Perhaps the only company that's enjoying all of this market turmoil is CNBC, or it's new parent company, Comcast. Oh yeah, Dr. Doom, Nouriel Roubini is pretty happy I'm sure too. You have to say it's pretty gutsy of Hobbes to call Cramer out like that about Bear Stearns.

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Jamie Dimon’s West Coast Tour Sours

Aug 17, 2011
J. Webster
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"We don't run the business based on what happens in the market in a day" - Jamie Dimon. How many more damn tellers do I have to meet? What the hell!! I'm tried of this sh#$. If I didn't have these sunglasses on you'd see how pissed I am. I've given my positive message like you told me. I need to get back to NYC, there's a potential disaster brewing in the stock market, if you haven't heard. Yeah, I said it doesn't matter that much and I'm not worried, but hell, the market has been down over a

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Rick Perry Calls Bernanke’s Actions Treasonous!

Aug 16, 2011
J. Webster
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Yeah, this is for real. This ain't some Onion article talking about how Bernanke went on a drinking binge. No, this is Governor of Texas Rick Perry saying Bernanke's printing of more money is an action that is almost treasonous. And this guy wants to be President of the United States. Wow. I really don't think Ben Bernanke would appreciate that, especially when he helped save the United States' economy from failing into potential Great Depression by printing money - the bailout of over $700 billion that wasn't passed initially and then the stock market tanked so they finally

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How Much Is the iPhone Worth to Apple’s Stock

Aug 13, 2011
J. Webster
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Needham & Co.’s Charlie Wolf recently upgrade Apples stock (AAPL) to $540 a share, not so surprising, as the mean target for analysts is $500 per share and the high is $666. But what was interesting is how he broke down the stock based on products and cash value. This is not perfect but here's the rough breakdown for the stock. iPad = $65.62 iTunes and App Store = $27.52 iPod = $3.50 Mac = $63.92 iPhone = $265.86 Cash = $86 This puts you at a total of around $510 per share. Not sure what's missing to reach the Charlie Wolf's

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Mark Cuban Wall St. Journal Interivew

Aug 12, 2011
J. Webster
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Highlights: Buy and hold is a crock of sh#@%. Diversification is for idiots and a waste of time. You can't really beat the big time players with all of their research analysts. You can't be like Warren Buffet unless you have billions of dollars - see Goldman Sachs 10% return deal he got in 2008. And some other great words of wisdom. Good candid stuff from the Dallas Mavericks owner. In his blog recently he also talked about high speed or computer trading, another reason it's tough to beat the market.

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Movie: Tower Heist

Aug 12, 2011
J. Webster
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The Bernie Madoff inspired movie "Tower Heist". After the workers at a luxury Central Park condominium discover the penthouse billionaire has stolen their retirement, they plot the ultimate revenge: a heist to reclaim what he took from them. Perhaps you'd also like a Bernie Madoff iPad cover, made from his pants.

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Mark Cuban: Wall Street Traders Are Hackers

Aug 12, 2011
J. Webster
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Mark Cuban writes a very interesting post, castigating day traders and high frequency traders. Cuban calls them just hackers that provide no benefit to the stock market or business as a whole. We've been hearing a lot about this lately, what with the market dropping 400 points one day and then going up 400 points the next and then dropping again the following day. There were four 400 point moves just this week. The extreme fluctuations in the market have been blamed on automated or computer based trading. And Cuban says this only sets us up for a bigger crash

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Limited Edition Bernard Madoff iPad Covers

Aug 12, 2011
J. Webster
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Yes, this is for real. A designer has made iPad covers fashioned from Bernie Madoff's pants and sweaters. And I guess people are actually buying these things, with one 'high-powered' Wall Street attorney buying up all the cashmere iPad covers to give out as Christmas gifts - or maybe April Fools jokes - hopefully. How much do they cost, only $350 green backs.
Frederickjames.com, a website that sells eco-friendly customized iPad covers, has created a limited edition Bernard Madoff Collection that is now on sale. The 31 iPad covers have been re-fashioned from the convicted felon’s pants

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Jimmy Kimmel Live – Mas Money with Guillermo

Aug 12, 2011
J. Webster
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Guillermo does his own version of Jim Cramer's Mad Money. He gives it to you straight. "Buy, Sell, do everything!"

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