On Steady Ground?

" Negative when it and what did. Story is it's and it's it's not and you -- yourself a can take."

" These it was the only stock up yesterday in the previous market and now they've even taken that away from me."

" It's not about banks keep rates on credit card usage or congressional backing of credit card companies must."

" Still workers program for -- is the red hot. He's not. Not at all it's about the other kind of his name that make me feel like a sad lack."

" And not just because I am mourning the death of mad money mentor -- asked. But that's what happens after you have had your head back in over in all. So many days. It also is what happens when you fall prey to believing that all that is ever going to happen. Is the worst case. ISI felt when -- read the Goldman Sachs GE DEP fourteen yesterday."

" The one that said this number that we got today -- wretched that turns out to be honest I think he let me out -- moral ground. But even actor today X I I care for this market."

" End of the month snapped back a week predicted it because of the marking up that I told you about earlier this week. Oversold condition meaning people have sold this market down so hard that it to quell spreading good news. And people liked in the GDP report which while showing a pot -- number to me. It's still all about stabilizing. Al albeit at lower levels not about growing economy the jobless to work. But don't. But our safety and and -- We believe there's always a bull market summer and it's my job to -- just for you. Ever since the market bombed the march we've been lying when the wonderful three legged -- of test and backs. Right now well. Like in little shaky -- let you drug don't think. I am not backing away from the -- know what I do not ask -- away from banks from oil in -- It's just that this all seems a little safety frankly I think -- been repaired. -- we need. What's imaging or Exxon's report today makes -- a little tougher -- The lack of improvement employment make credit quality dubious for the bank at least for 28 him. And tech got stole. It got my report. From -- use personal computer company. That says the fourth quarter not looking so hot. Not -- doesn't take away from our favorite and charitable trust act towards post dot com name BP that he oil. Eight or doesn't bother me when it comes to the mobile Internet Smartphones nominee. Apple should be bought right here. As in two other charitable trust next. JPMorgan and Goldman Sachs. Canada sectors they don't -- all bags looking good."

" The best out that's shocked well not right now no we are not abandoning the three legged dole. Bubble we need to think. Is what sturdy. What can handle the weight of the selling that we expect to come in November. Which is why we want to introduce this steady at four legged chair yeah won't way. Even half what even if -- forty stabilized and are now going to. May be retreat to lower levels of member always bound by the F five to 7% decline no more than that. But it's how cleanup report STW the machinery conglomerate that makes the transformers which disappointed so badly yesterday but that just go away. We also have to be prepared if congress never stops its healthcare -- DA doesn't think about how to create jobs and when he did so we are prepared for test. Banks and -- to do well. Something else we -- just in a slew of earnings reports med terms based. We're looking at report card after report card if report -- from different companies. To ever going to take a step back and identify the winners of the four legged stool in the west economically sensitive sectors. That have done the bad the company's earnings not to stocks. Out of companies are as a whole not and we will work even if we get -- rated double dip recession with these -- And once it weren't warned today all the better than expected growth mr. -- how often do I like to buy the stock that are not doing well one other soaring. And let this soaring -- handled and also here's the force stable legs other hair for aren't stable times. First the first like us. Procter & Gamble. Which just reported a."

" Dealer -- yeah."

" Where there is coming in a dollar six per share -- seven cents higher than what the street was expecting the Cincinnati company's been under rated. I don't practice my chapel -- and by and it can actually since Betsy and I like."

" Does that company's been so good at turning itself around -- everyone run off people's arms a serial under performers. Now to to allow the former."

" Yeah juicy 3% -- makes -- wanted to say that I. Set their mind to what Procter & Gamble has the best record for dividend improvements -- the new York stock did not even a Procter & Gamble we answered inline guidance for 30. That's enough to get investors excited about a company to return to its can distance routes what do I say about Procter & Gamble I say yeah. Circulate a marcher -- that."

" Little more -- here I -- our general. Powell's GI this -- however if."

" 25 cent earnings beat this pork -- report card. It reported in -- it raised its guidance for 30 when he did that makes me real General Mills is. A serial serial outperformer. Outperformer the second time that serial crime but that it was still very impressive it was darn impressive. Wanting people don't cut back -- when the economy slows down often people don't cut back -- even when they're dieting. Don't know said it was continuing to see strong consumer demand for its products. And it's model is working well over the world -- weak dollar we like that right. Thanks in part to lower commodity cost and efficiency of the manufacturing facilities the company now face an easy comparisons going forward. Coming through a period of tough compare last year it's doing pretty well. If you're looking for another -- stop by the way can I tell you that Kellogg reported a fabulous quarter this morning great -- I didn't see that comment. I don't did you go wrong and either way doesn't think about what -- cereals I mean do you really Indian care. Now -- plates for serious. I don't care about -- lumber mill. Third leg is very controversial but we don't -- controversy -- if WellPoint. Now what is WellPoint. WellPoint is the -- I hope that reported. Absolutely. Monster. Yesterday. Earning a dollar 53 per year or dollar 7081. Time items sixteen cents a 41 cents hired in the street was expecting."

" Not true is worried about health care reform especially with congress banging their health care drum all week. But I think the real story. When it comes to well when we. Is a tremendous earnings power. The one episode demonstrated. That I don't think they can hide the earnings of -- coming wants to be an HMO report big numbers right now."

" It's now but if we get paid health care bill that Knox 25. Cents off."

" And I think it'll probably be more like to Don the stock don't trading at about eight times earnings double digit growth rate I don't have a doctor -- were clear. In my whole universe that has that growth rate with that low price earnings multiple. Plus the stuff out slow this morning the senator moved to center forever -- to get everything passed. And boldness to say it may well points earnings mean acted deemed and it all. I think WellPoint goes to 53 dollars by my calculation. What they healthcare. Over -- I don't really care how to resolve."

" And a fourth -- friend says the fence and investing chair that we got is not other than McDonald's. Another in just -- company reported a magnet missing quarter the."

" Four cents earnings beat us last Thursday same store sales up three point 8% globally."

" it's from the weak dollar in your all the hand wringing about every day and how much do we like this it just raised its dividend when so many others are cutting theirs. We sing the praises of evidence sleuths. Turned a page isn't Jim Cramer is getting back -- number one on the near times the almost."

" What do we care we got almost a 4% yield you know I say done done done done done."

" Those -- the four legs of the chair okay."

" A dig a little 360 think -- who did what."

" and I'm. Procter & Gamble General Mills WellPoint mcdonalds these are for defensive stocks that really reported magnificent numbers."

" They're going to hold up you nifty cotton -- here's the bottom line. For the moment to street fears Vista until the other three legged stool of oil second bags don't forget it's just -- moment they're going to be back in the fourth quarter."

" Why don't we at the moment just takes. -- travel -- travel and safety net of safety being thrown."

" What's -- 34 legged chair of Procter & Gamble General Mills WellPoint McDonald's. You know what to -- and -- all sleep soundly old they would to rock solid portfolio. Peter North Carolina."

" Peter Cook and credit -- what do you chances."

" Go to duke football. Guys -- actually the tar heel or you know may be a -- but I -- magnanimous I like everybody what's not."

" How can tell about the Orioles. Outfit but I -- I actually. The Chinese backed reportedly have been making risky loans that they need to invest in the Chinese market. Is -- risk of a Chinese banking crisis if the Chinese market dropped in these loans go bad."

" Listen Chinese don't full -- and not just because they're handbook is a quote from chairman Matt. Yeah I wish we had our problems. And he had shaky loans marital I knew that they have growth. -- we don't -- credit. You know -- a lot becomes king and it has -- doing this country would you think has now I am not for."

" 12 backing away from our country but I do what the date that the Chinese bit loans. The -- problems. Polling cal we're going to Oklahoma so this -- corset while -- next questioner magnetic Jeff intact as -- Jeff in its. --"

" Yeah longhorn. Your home and I can't get there sooner or not my -- catalyst all kind of an editor. They brought it all -- you regular -- you're really don't know I thank you my friend thank you for recognizing the mission of the shell which is also not."

" I don't I am I -- why the -- and what's not."

" Like pick up this year -- to -- a lot of Ed Norton people on TV group on the market because of the low volume along. A look at the chart of ST YE a note that the market could tapering off and lows in March. That is until last week when I noticed the -- and increasing out of market now and declining. What are -- commute via quick -- percent -- the up 1100."

" After racism issue. Raises an issue I don't talk enough about. I don't talk enough about the volume of the market -- can now I do 12 days -- we -- often -- but there's nothing you need to. What sidelines coupled with low price earnings multiple. Public lower interest rates and a market there were real space is not work -- gold already July bonds these interest rates do well. Won't be in debt volume eventually as individuals recognized that they did -- theater."

" Is twice as saying getting back even. Already class."

" I think could be more sanguine littlest CT -- now a member gold back cool on this economy and all the stock market."

" And North Carolina yeah."

" And oh I got home and I -- guy on earlier this is causing problems not going to help."

" What hey I have all your book I'm currently reading getting back."

" Do you really -- states wanna -- yeah have a copyright and here are glad."

" I want to thank you for your insight on how all the big money managers think and operate really helped."

" But that's actually my stock in trade you know what I think about what to to value all I got here is. I've been in the game for thirty years now I -- the -- now but thank you for recognizing that's were my strength comes from how can I help."

" Well my question is about the you noting that PE multiple -- stock price earnings yes yep and I get are currently looking at some of the site tonight that he read ID. IPV like an actor best. You know they don't. Put too much stock in the PE ratio -- you know dislike. Recently I know I -- had a real IP and a lot of people stay away from a right right it went up really high toddler what's your view on. You know using the --"

" Have a solution that it had a solution. Then. Bush and I weren't in -- hedge fund business that actually there from Karen Kramer at a point this out. In the bush and his whatever works. By earnings multiple shorts. Value. Book value. Sales don't matter and whatever works for whatever makes you must come through whatever -- confidence -- far more important for and you know what. Different strokes for different folks that's the way to -- three legged stool. I easy right now that's okay you know what we don't like each of -- yeah. Did -- and I got some for everybody mad money will be right back. And Oklahoma best."