Tuesday, June 22, 2010

Mad Money Recap | Nightly Recap for:  Monday, June 21, 2010

Mad Money Recap Nightly Recap for: Monday, June 21, 2010: "Jim: One day, we will learn that it almost never pays to reach for stocks… every time the market opens up huge.. we need to trim some of our losers… not buy our winners… and today was no different… not at all... with the Dow closing down 8 points, after being as high as 144... and the S&P, just as disappointing… closing by a hair after trading up 1.2% right at the opening bell… disappointing for those who cannot resist buying… even when the news is as good as China… bending to our will and making a currency change that allows us to make more money… selling into the world’s most populous market… but buying stocks up will always be a suckers game… cause it is just plain stupid."