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Jim: Big Cincinnati Bearcat-Booyah-Tooyah. I enjoyed the segment on the "Ax Effect" . It gave me some good insight to the cause of the increase in Research in Motion on Monday. While I found that everything you said made sense, my question to you is where do you find who the ax analyst of a given company is? How can you tell whom the Street going to follow? --Dan
Cramer says: “Some things in life are literally experience. I never like to play this experience card on the show…[but] I’ll tell who these axes are because I have followed these industries for years…Each industry has an ax. I will try to reveal them as we go along.”
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Booyah Jim!: You've mentioned in previous shows that the current mortgage crisis is a greater concern over inflation. In my research, I discovered that residential mortgages only account for less than 5% of the GDP and consumer spending accounts for 70%. Therefore, isn't inflation the greater risk since 70% of the GDP is driven by consumer spending? --John
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