Dear Jim: You are onto something big here. I'm not a dumb guy, but for some reason the point you were making about the bull markets versus the banks/brokerages didn't sink in as much as it should have...until the velvet rope segment. I think it was because of the visual aids...We are truly visual creatures. I made lots of buys on the weak Wednesday of last week where before I was just sitting lazily on the sidelines wondering what to buy. Great calls…I'm picking up my tech on weakness for the next six-month rally. --Kenneth
Cramer says: "That's great - as long as you stay away from the banks [Cramer proceeds to crush a mannequin representing the banks on set] and the brokers and anything financial. Have I made the point?"
Dear Jim: You gave the thumbs up on a shipping stock, Nordic American, on yesterday's show, but when I did my homework I found out that the company consistently pays a higher dividend than it earns every quarter. That seems unsustainable to me, can you please explain how such a company can be considered a solid investment? --Seth