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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; Sascha Burns, Democratic Strategist, and John "Bradshaw" Layfield, Northeast Securities.
Trading Pit: Will Calls to Boycott NY Times Teach it a Money Le$$on?
The New York Times still in the headlines and in the hot seat. Now some bloggers and pundits are calling for a boycott of the paper--They're angry over the questionable front-page story about John McCain and a female lobbyist. A story they both deny. But would boycotting the gray lady work?
John "Bradshaw" Layfield: Yes boycott it! The New York Times has an agenda and that doesn't belong in America.
Gary B Smith: I've been boycotting the New York Times for the past four years! Before you pick up the paper, you pretty much know what it's going to say. You can guarantee from now until the election, it's going to be McCain bashing and "Obama the Saint."
Pat Dorsey: It doesn't make sense to shut your-self out from anything. If you don't continually expose yourself to views you don't agree with, how do you learn more about the world you live in? Boycotting isn't the answer.
Tobin Smith: For a boycott to work you have to be able to bring something down a peg. A boycott wouldn't bring down the New York Times one bit.
Sascha Burns: You can boycott all you want, but the New York Times will still go on. Advertisers are looking to sell their products, and they are going to sell them to readers of the New York Times. This isn't going to stop because of the stories it is running.
Scott Bleier: A boycott won't weaken the paper! There are enough people who read the New York Times that advertisers will still continue to try and reach them.
Obama's $10 Billion Housing Fix: Bad For Home Prices?
Next stop, Ohio! Barack Obama hitting the campaign trail in the buckeye state, armed with a 10 billion dollar housing foreclosure fund. Welcome news to Ohioans hit hard by the housing slowdown. But is it bad news for homeowners everywhere?
John "Bradshaw" Layfield: Absolutely! These are people that shouldn't be in these homes in the first place. We're rewarding mediocrity and that doesn't work in a capitalistic society. Why should I have to pay for someone else's ignorance, and you shouldn't legislate ignorance.
Sascha Burns: It's not in the interest of the government or country for a market to be in crisis. There are steps that we can take to fix it, and Barack Obama's plan can help ease what's going on in the housing market.
Gary B Smith: Housing, like any purchase of an asset, has risk. And the buyer should know and be prepared for those risks up front. It's not the government's job to ensure against that risk, and it's also not the government's job to push people towards homeownership in the first place!
Forget Hollywood! What a show "we've" got for you! Roll out the red carpet for the Bulls & Bears Stock Oscars! Our stars reveal award-winning names that'll give you the gold all year long in the stock x-change!
If you want to watch what each had to say about each stock, click here.