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Monday, 08/25/08
Posted 08/25/08, 08:57
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Monday, 08/25/08 |
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Dow Jones: |
11,386 |
- 241 |
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NASDAQ: |
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2,365 |
- 49 |
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S&P 500: |
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1,266 |
- 25 |
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Opening Segment 1
Title: |
'The FNM and
FRE Factor' |
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. . . .
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Featured Stock(s): |
Fannie Mae (FNM)
and...
Freddie Mac (FRE)
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim: Sometimes this
market's just an out-and-out liar... a
dissembler... a pants-on-fire machine...
that makes you so baffled, so confused,
that you need to come to someone like
me, who can cut through the fork-ed
tongues, as easily as a hot knife
through Land-'O-Lakes (butter brand)...
Today, the market fibbed like mad and,
if you listened to it, you would be
stupefied...
So boy, am I glad you found me back in
my regular slot, so I can set you
straight...
What was the big lie?...
It's all about
Fannie (FNM)
and
Freddie (FRE)...
The stocks of these two knuckleheads
went up today in one of the most hideous
days of the year... and you know how
wrong I think that was?... You know
what? I'm going to tell you how wrong
that was...
Do you know that I believe that almost
every other stock went down, because of
the woes of these two companies...
that's why you suffered!
They went down, because we rallied near
the end of last week, as we hoped that
the common stock of these two
nare-do-wells would be wiped out...
The Treasury Department was supposed to
ride to the rescue this morning with a
big-bang play... bailing out the debt
holders... maybe even the preferred
holders... and leaving the common stock
of these two jokes of capitalism holding
the empty shopping bags they deserve,
the suckers...
And when it didn't happen, when those
two were allowed to live to be feckless
again... well, the market went and
rolled over...
Other than
General Motors
(GM),
Ford (F),
American International Group
(AIG),
Lehman Brothers
(LEH),
Citigroup (C)
and
Washington Mutual (WM)...
Fannie (FNM)
and
Freddie (FRE)
are the root of all stock market evil...
Now, I want you to be sure to understand
the stakes here...
. . . .
.
More comments will
continue here...
Note:
We
now quickly post the
specific stock
recommendation, and Jim's
"Bottom Line" for each
segment... and then
follow-up with the
complete recap of his key
comments. Check back
early
in the morning, to read
the recap of this
segment, in its entirety, along
with the complete Mad Money show
recommendations and
comments...
. . . .
.
The Bottom Line!:
The
Fannie (FNM)
and
Freddie (FRE)
deathwatch countdown is now on! It
has officially begun!... And the
sooner it ends, the sooner the rest of
the market can start going up, without
immediately getting machine-gunned right
back down!
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
■ |
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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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FNM |
5.19 |
na |
Fannie Mae (FNM)
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FRE |
3.29 |
na |
Freddie Mac (FRE)
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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Mutual-Fund-Holdings.com
NEW RESOURCE!
See Ken Heebner's CGM
Focus Fund
Top 25 holdings - The No.
3 Top-Performing Mutual
Fund in 2007
|
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Opening Segment 2
Title: |
'CLNE Sweep' |
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. . . .
. |
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Featured Stock(s): |
Clean Energy Fuels Corp.
(CLNE)
See CLNE's official
investor relations' site
here.
See the Yahoo!
Finance profile for
CLNE
here.
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim: By the
way... It doesn't matter who wins (the
U.S. presidency) in November...
I'm happy to report that I believe our
system of government of the corporation,
by the corporation, and for the
corporation... shall not perish from
this earth!...
And I have what I think is the perfect
stock to play the fact that, in this
country, it's not even necessary for
companies to buy politicians... as long
as politicians can buy companies!
I'm talking about
Clean Energy Fuels Corp.
(CLNE)...
a Cramer fave... C-L-N-E... a company
that builds and runs natural gas fueling
stations for vehicles that run on
compressed or liquefied natural gas...
. . . .
.
Now, I recommended this one, along with
Fuel Systems Solutions, Inc.
(FSYS)
back on August 1st... I'm trying my luck
again here, because FSYS is up 46.6%
since we recommended it on August 1st,
but CLNE has barely moved...
Now, I said it was speculative, but I
think it's going more blue chip by the
day... because the powers that be in
Washington are solidly behind it, and
even better, they're in it!...
Nancy Pelosi, the Speaker of the
House... who holds up anything that's
even remotely related to pollution...
who probably hates aerosol and thinks
the mosquito should be a protected
species, if not the black fly and
trichinosis... the person who is the
biggest impediment to anything
energy-related, just so happens to own
between $100,000 and $250,000 worth of
stock in CLNE!... according to a great
article in The Wall Street Journal last
week... You cannot make this capitalist
system up!
The Journal says the position is less
than 1% of the combined worth of Pelosi
and her husband... I say it's money! And
she wouldn't own it, if she didn't think
it would work...
. . . .
.
And this is the really key part...
Whether or not CLNE works... means the
stock will go up... will be totally
determined by government... the state
governments, and by Congress...
Back in the days of the hedge fund, CLNE
is what we would call a "conce | | | | |
