See Jim's
1:30pm valuable
Comments from
today's
"At The Half"
1:30pm show
here...
 
 
 
 

 

  Monday, 08/18/08
Posted 08/18/08,  09:13 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 08/18/08

  Dow Jones: 11,479   -  180
  NASDAQ:   2,416   -   35
  S&P 500:   1,278   -   19
 
 
 
 
 
Final Segment 1
 
 

Final Segment 1 Title:

'Balance of Power'

.  .  .  .  .

Featured Stock(s):

Interview with Rick Perry (R), Governor
The State of Texas


See Final Segment 2, below...

 
After this segment, you can see Jim's Sudden:Death picks here...

.  .  .  .  .

Jim's comments BEFORE the interview:     As you know, we here at Mad Money are on a crusade... a jihad... to reverse the worst domestic policy blunder we've made in this country since Andrew Jackson did away with the 2nd bank of the United States in the 1830s...

I'm talking about the horrendous biofuels mandate that's caused 30% of our corn crop to be turned into a mere 3% of our gasoline, in the form of ethanol, a corrosive fuel that no one wants, especially not in their cars. 

The ethanol mandate has jacked up the price of chicken, pork and beef, as the price of feed for these animals has skyrocketed.  Ethanol's costing you a lot of money, and it ain't doing much for the environment.

Ethanol is not the solution.  On this show, we have come out in favor of wind energy, of solar power, of nukes, of natural gas...  anything but ethanol.  And that's why every Cramerican should love Rick Perry.  Rick Perry is the republican Governor of Texas who defied orthodoxy and asked the EPA to reduce federal ethanol requirements.  Of course, the EPA smacked him down immediately...  but his state is leading the nation when it comes to building new wind farms and solar power installations, spending billions to build up the grid infrastructure first, because that's the main bottleneck to using wind and solar...  the power lines aren't hooked up to the panels and turbines. 

For all of these reasons... a personal hero of mine... I am absolutely thrilled to welcome Governor Rick Perry to the show...  Governor Perry, welcome to Mad Money...

.  .  .  .  .

Jim's comments AFTER the interview:     Now this man has horse sense!  And we've been saying it... this ethanol's a joke.  Wind power, okay... natural gas.  These are not just themese that will make us money... they're themes that will make us win the second war of independence against the bad guys.

 

 

   
 

Stock Snapshots - Includes all stocks mentioned above

 

 

Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

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Interview with Rick Perry (R),
Governor
The State of Texas

No specific stock picks.



 

       

 

 

 



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Final Segment 2
 
Final Segment 2
Title:
'Mad Mail'...

.  .  .  .  .

Featured Stock(s): See comments below...
 
After this segment, you can see Jim's Sudden:Death picks here...

.  .  .  .  .

 

   
 

Stock Snapshots - Includes all stocks mentioned above

 

 

Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

na

na

na

Mad Mail

Recommended investing books to read

Q:    I'm a new Army officer who graduated from Bucknell University.  I learned a lot from your talk there on the Citizen in America, and I've read all of your books on investing.  I'm wondering if you had any other authors you could recommend.  Hopefully you can help me find not just boring personal finance books that tell me what I already know, but I'm looking for something that goes deeper into the market and economy.  Thanks from Cramerica, and thank you for helping out the common man.

Jim:
    Thank you for mentioning that Bucknell speech...  I think the world of Bucknell and the professor friend of mine, Bill Gruber, who was inspiration to how I got into this business...  What I want to mention to you is that there is... the best kind of longer book is a book by Ken Fisher's that I like very much, his most recent one, The Only Three Questions That Count... I really like it... I wrote the introduction.   My friend David Darst has a book out now, The Little Book That Saves Your Assets... another guy I worked with at Goldman Sachs.  I think those are both worth looking at.  Now I want to just mention that I think that, in general, the larger ones to read... Benjamin Graham...The Intelligent Investor ... and Reminiscences of a Stock Operator... which is by Edwin Lefèvre, which is a very old book, that I think gives you really good color. 

WAG*

37.12

na

Mad Mail

Walgreen Co. (WAG*)

Q:    I heard you you endorse WAG* this week over your past-favorite, CVS.  What has changed either with WAG* or CVS that has cause you to change your mind?  My understanding was that CVS's pharmacy benefit planner, Caremark, made the difference.  Did their bid for Longs Drug Stores make you bearish or is it something else?  Thank you for all you do to keep us educated and entertained.

Jim:    Here's the deal... I did not like CVS Caremark Corp. (CVS)'s number.  I think that Caremark did not do well.  I think the company itself would agree with that.  I also believe that WAG* has agreed to stop its willy-nilly growth... and get more measured in its growth.  We are over stored, when it comes to pharmacies.  I have been buying WAG* for my charitable trust, and I sold CVS for a nice gain up.  Their both going to do well, because of the problems at Rite Aid Corp. (RAD), by the way...


CVS

38.28

na

Mad Mail

CVS Caremark Corp. (CVS)

See WAG* comments above for:
CVS

GOOG

498.30

na

Mad Mail

Google, Inc. (GOOG)

Q:    Thanks for that fun interview with Eric Schmidt (CEO of GOOG).  He had such a laid back but bold way of explaining and igniting excitement about