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After missing last week's show to attend my eldest's school play, I was raring to go to the set for the TV version of
. I was pleasantly surprised when I saw a gang of personal finance people from the site in the green room. This was my first chance to speak to
in person -- remember I am not at
and don't go there -- and they were as fired up as I am about my joining the personal finance team a couple of times a week. I told them I was approaching this project with the zeal of Attorney General
when he decided to go after
. "Get Morningstar." They laughed; I mean it. We got along swell.
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Next thing I know, I am wired, made-up, and I notice, for the 10th time this week, I have let my hair grow too long. I go to a barber in Brooklyn, where I lived many years, for my half-a-haircut and I didn't have a chance to get there, and it is starting to show.
We pulled a change-up on the show this weekend, which you probably didn't even notice because
is so polished as a host. We had our guest join in the confab and what a delight
was. Given that the
Dow Jones Average
had changed, we caught a break to have a manager that plows the Dow field exclusively. He knew his stuff.
He got the show off just right by finally giving skeptical
an ally. Herb was really starting to seem like a lonely
repairman for the bears, so it was a welcome change. You could tell Herb was into it. Brenda always keeps the show balanced no matter what, but this did make things symmetrical.
I never know if you can tell at home, but we thought this show had the best feel to it of any we have done, and adding our guest to the
Word on TheStreet
segment probably cinched it for us.
After Word, we piled back into the green room to watch Chartman vs. Fundy and I found myself thinking this
is definitely right. When Chartman and Fundy agree, I am all over the stock like a cheap suit. I know that refining margins are expanding -- I am long
-- and I am thinking that if there is any index money coming out of Chevron because of its boot from the Dow, I am going to grab some.
I thought that
sounded interesting, but the big DSL spend that Adam highlighted -- and we were all taken by his incredibly cool look, by the way -- turned me off. Next!
Then we were back to the set where we challenged Chuck Carlson on
. I like Boeing so I had to struggle to dredge up the defense stuff. But you can't be too sure about anything defense these days. I found this great Jack Grubman (top
Salomon Smith Barney
analyst) comment in the research about AT&T paying too much for
and used it, like I was Tim Russert or something, and Chuck seemed to enjoy the riposte.
Next thing I know we are back to predictions and accountabilities. The
story. Was it right? To me, since the stock went higher after it came out, the story was wrong -- but does that attitude drive Herb and the rest of the journalists nuts!! I made money with Lucent -- shared every step with the site -- and was happy to point that out!!
For next week I said I like the brokers, but I had to make the point quickly because we were almost out of time. Herb and
. And that was it!
It always goes too fast.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Lucent and Valero. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at