Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Road Rules
Road Rules Video Gallery
Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Text Size
Nov.05
4:13 PM ET
Monday, 5 Nov 2007
On the Line: GFI Group CEO Mike Gooch

It seems like brokerage stocks getting killed everywhere. But then, GFI Group was up eight points on Friday. Apparently these stocks aren’t created equal.

Chairman and CEO Mickey Gooch said that as the middle in the market, GFIC actually benefits from all the volatility.

GFIG’s [GFIG  Loading...      ()   ] customers are big banks and securities houses that trade hundreds of millions of dollars at a time. And if these guys are worried about their subprime exposure, they can buy GFIC’s credit default protection. The OTC derivatives market is “incredibly deep,” Gooch said, so a lot of debt can be laid off.

“If you really think that people are worried and they need to lay off risk after the disaster that was Merrill Lynch, this is who they go to,” Cramer said. “It’s who you should go to,” too.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?


Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 02:33:17 12 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:27:47 12 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 05:29:42 12 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:00:12 12 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters