Sunday, September 11, 2011

Jim Cramer's Best Blogs

every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: remembering the heroes and victims of 9/11; why the untenable euro is crushing the market; and the recent changes at Bank of America and Yahoo!

More on BAC Tax Break Would Lead to Dividends, Share Buybacks Market Activity

Click herefor information on RealMoney , where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time. Remembering Heroes and Friends Posted at 3:47 p.m. EDT on Friday, Sept. 9. Interviewed a lot of heroes today, down on the trading floor of the New York Stock Exchange . Rudy Giuliani, one of my idols that day. Made me feel strong. Made us all feel strong in a moment of tremendous weakness. Dick Grasso. He wasn't going to let capitalism skip a beat, and in his own he way stuck it to the bad guys. He won, so we won.Interviewed Paul O'Neill, the Treasury secretary at the time, who was on the exchange floor the day it re-opened. He was pilloried that day for saying that the markets, which were hammered mercilessly, would come back and that stocks represented great buys. How right he was. Saw Tom Van Hessen, top guy in the fire department. Who can forget that they went up the stairs, many to certain death, so the civilians could go down the stairs? Genuine heroes. > > Bull or Bear? Vote in Our Poll They were the people we looked to and admired in that scary time. I know I was scared. I was downtown at the time, at 14 Wall St., working at TheStreet , a locked-down building, fearing that we would be hit by the third plane, the rumored third plane that was supposed to be coming our way. I hid under my desk for a moment. Why? I don't know, it wouldn't have saved me. The fire department led us down onto the street. I remember watching pieces of Wall Street research float by, a recommendation of some financial stock gently landing on my head, from Morgan Stanley Dean Witter.But most of all I remember the ashes, four inches deep and growing quickly, like snow sticking on a cold day, so out of synch with what had been a warm, cloudless September day. The ashes, made of incinerated computers and wall board and desks, but most important, people. People who had died in that horrible cataclysm.

Source: http://www.thestreet.com

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