Jim Cramer: stocks to consider even now, richest americans & is your money market fund safe? - Today in Money 9/18

Posted Sep 18th 2008 8:50AM by Allan Halprin
Filed under: Microsoft (MSFT), Russia, Money and Finance Today, Sears Holdings (SHLD), Morgan Stanley (MS), Wachovia Corp (WB), Washington Mutual (WM)

In the News:

· Top Banks Scramble to Ease Credit Crisis

· Morgan Stanley Looks to Stay Independent in Talks With China for Fresh Funds

· Morgan Stanley to Begin Offical Merger Talks With Wachovia

· Washington Mutual Sale Expected

· Gold Prices See Biggest One-Day Price Jump Ever; Rising $90.40 to $870.90

· Pros Predict Dow 8,000, Gold $1,500 and More

· Russian Stock Market Shuts Down Until Friday After Plummeting to 3-Year Low

· Parts of U.S. Still Having Gas Shortages

· Will Financial Crisis Force Sports Teams to Lower Ticket Prices?

· Microsoft Dumps Jerry Seinfeld After 2 Poorly Received Ads

Jim Cramer: Stocks to Consider Even Now
There are some strong companies that have been heavily shorted that could see a return in strength now that the SEC is closely watching the bears. Ethan Allen, Panera Bread, Bankrate and Sears all could work in the near future. So watch for a potential rally in these names.
http://www.cnbc.com/id/26761140

Is Your Money-Market Fund Safe? How to Find Out
The normally rock-solid reputation of money funds-which typically invest in short-term debt such as government and corporate bonds- took a major hit Tuesday when the value of Primary Fund RFIXX shares fell below the $1 benchmark for the funds. The phenomenon, generally known as "breaking the buck," means that holders in that fund actually lose money. Though most money funds are insured against such losses, not all of them are. So if you're worried about your so-called safe investment, take a poker player's strategy: Know what you're holding and what you're playing against.
http://www.cnbc.com/id/26757476

Richest Americans
Once again Bill Gates tops Forbes annual list of wealthiest Americans. After losing his crown of world's richest in April to Warren Buffett, Gates rises up again to retain his title in the U.S. Also this year with all the economic troubles in the U.S. Wal-Mart founder Sam Walton's heirs take a big leap into the top 5 thanks to more frugal shoppers.
Forbes 400: The Richest Americans - WalletPop

Is It the Dawn of the Reregulation Era?
Regulation has been a dirty word in business-and in Washington-for decades. But government oversight is looking a lot better lately.
http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080917_918673.htm?campaign_id=twxa

Sarah Palin's Look for Less
The VP-canddiate's look is so popular, but she does not do it alone, or for very cheap. Whether you have the dough to do the authentic look or you want to find a budget conscious angle, here's the lowdown on the moose stew chewing Governor's style. See the costs for her glasses, clothes, shoes, hair, nails, jewelry, tanning bed and how you can achieve a low budget alternative.
http://www.mainstreet.com/article/lifestyle/fashion/what-price-beauty-sarah-palins -look-less

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Reader Comments (Page 1 of 1)

9-18-2008 @ 10:20AM

Michael said...

The housing problems and the accompanying credit
crisis began in the Clinton administration when Bill strongly
advocated making it possible for every family to own a home.
Pressure was applied to the large firms, who seemed to have an
endless supply of money, to bend and be flexible and to take a chance
so that everyone could buy a home. Clinton's people pushed through a
bill and bouyed by the upward economy almost everyone voted for it,
including McCain. That was in 1998. Remember? Oh yeah, you say!
Today, we are now seeing the tragic results of such unwise policies
and practices. Of course it's easy to blame Bush and forget about
what Clinton did. The masses are always so short sighted and quick
to kill the first person they can lay hands upon. Then, In 2005
Senator John McCain, much to his credit, recognized their were
problems and presented a bill in the Senate which stated that there
were massive housing irregularities, particularly within Fannie May
and Freddic
Mac, and that these financial irregularities were not right and
needed to be confronted and stopped or ithey would drastically affect
our entire economy in a negative way. When McCain's bill went before
the Senate, it was quickly killed by the Democrats!! Barney Frank
and Chris Dodds led the opposition to McCain's bill.