"Does it even matter to the sellers that Freeport-McMoRan (FCX) has lost 25% of its value in a week? Does it matter? Is the chart more important, say, than the earnings power? Than the possibility that the company could make a lot of money? Do the sellers at this point even care? Are they so motivated to get into Procter & Gamble (PG) and JPMorgan Chase (JPM) that there is no price they wouldn't sell at? I am aghast at this price decline, all based, of course, on the endless cliche of demand destruction. But does it make sense, in a world where copper production is declining faster than oil worldwide, that this company loses a quarter of its value overnight? Did someone expropriate its mine? Did it preannounce a terrible quarter just now, and no one told me? Is it a bank stock with lots of home-equity loans? Is there a price where it represents some value? Was FCX just one big short squeeze? I have to wonder about this incredible decline, because the company now sells at 7 times next year's earnings and, no doubt, judging by the sellers, is going to 6 times in a hurry. It is certainly possible that the earnings estimates are too high, given a worldwide recession, but 30% of the world's copper goes to China, and unless you think that China is going into a recession, it is hard to fathom the 25% decline in a week's time. In fact, it is more likely that the owners were looking at the chart, and the chart says top, and that's enough for them. Maybe that's enough. Doesn't matter that Chile is producing less. Doesn't matter that the African copper mines are producing less. All that matters is that chart. And the chart says lower. In this nutty market, maybe that's all you need to know."

From a recent Mad Money show: "Key is a bad bank. I don't want to own it. They don't deserve to be owned."

From a recent Mad Money show: "I like Apache. Natural gas is different from the oil companies. This company is growing. I want you to own it."

From a recent Mad Money show: "This is a classic new-tech company. I think you need to stay with this one."

From a recent Mad Money show: "Cheap power producer. I like it. It's a cheap energy provider. It's got nuclear. I like Exelon (EXC) and Consolidated Edison (ED) more though."

From a recent Mad Money show: "No, this is direct marketing and that's a tough business. I don't want to be in that market."

From a recent Mad Money show: "You picked the right stock. JNJ is a great pick. You've got a good one and I want you to stick with it."

From a recent Mad Money show: "There is so much drilling going on; I want to own a contract driller. We will see some pain now, but the gains will be coming."