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Bulls & Bears
This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research editor, and Eric Bolling, independent trader.
Trading Pit: New 'Fix' for Housing: Stock Market Killer?
The bull is back! In one week, we go from stunning sell-off to big-time comeback! but now word of a housing "fix" for some stuck in the subprime mess. Could that stop the bull right in its tracks?
Scott Bleier: Over the long term it's bad news! But in the short term it's going to help some people keep their homes. However, it is setting a terrible precedent! It's the government strong-arming private business to fix these loans.
Tobin Smith: We're not in the business of hurting ourselves here. If two million people lose their homes, that would bring down the entire economy. This is a decision that has been made because the damage has already been done.
Eric Bolling: We had a great week and the stock market ended up because the financials performed very well. I hate government intervention as much as everyone else. However, this plan seems pretty soft. So if freezing rates will help, then I would have to say it's the lesser of the evils right now.
Gary B. Smith: The market goes flat from here! I was disappointed with the action last week. The stocks all opened up on Friday and drifted down all day. The stocks may have had their shot already.
Pat Dorsey: This plan to potentially freeze rates and prevent some foreclosures would help prevent further damage to the balance sheets of these financial companies. This is what the market needed to get excited about the cheapest stocks right now, which are the financials.
Google Gets It: Why Not Congress?
Google — you may know it as the Internet giant that helps you find things on the web. Or as the stock that just keeps going up! But, how about this: Google as a model for Congress? Yes, it is unveiling an alternative energy plan ...So, if corporate America can come up with real solutions to America's challenges — why can't Congress?
Tobin Smith: First off Google has an IQ test for its employees. If we did that with Congress we wouldn't have anyone working there!
Gary B. Smith: Google's role is to make money for its shareholders. The government's role is to decide legal disputes, build infrastructure, and provide national defense. That is a different set of mission statement from Google.
Eric Bolling: Google isn't going to have a greater success of getting us off our dependence of foreign oil as our own government has! It's not going to happen!
Scott Bleier: It would be nice to run the government like a business—but it cannot be done. Business has one goal: to maximize shareholder value. Government has many masters and responsibilities that corporations don't have to worry about like national defense.
Pat Dorsey: Google's plan for alternative energy isn't going to go anywhere. Google makes a lot of noise with Google Earth and Gmail but they make all their money from the search engine! Everything else is just stuff thrown at the wall and nothing is sticking.
Tired of the malls? Sit tight because you have a chance to do your shopping right here — and in lightning fast time! Yep, the lightning round — bargain buys from the Bulls & Bears.