“You do not sell the defensives, the Pepsis (PEP) and the Unilevers (UN), when you get this kind of jobless number and housing number. You do not stand there and buy CSX (CSX), either. You buy what is built to last in this environment, companies that do not need financing -- THERE IS NO FINANCING -- and those that are still levered to commodity declines. I find the whole sense of this market way too bullish on the turn that Obama is supposed to give us, and way too bearish on boring high-quality companies that wouldn't even know what to do with a loan. I have to tell you that I want Johnson & Johnson (JNJ) and Bristol-Myers (BMY) because I am bearish on the economy yet the economic stocks have run tremendously. When Microsoft's (MSFT) having trouble with the numbers, do I really want to leave Gilead (GILD) or Celgene (CELG)? When I see the kind of action in Aflac (AFL), do I really want to worry about Procter's (PG) bond position? -- no, and they don't have one. P&G will have earnings weakness. But P&G is more in control of its own destiny than most of the stuff people are buying. General Mills (GIS) is better than Norfolk Southern (NSC) and much better than any retailer with debt or a steel company, including Macy's (M) and AK Steel (AKS). That's just what I see right now, and I am sticking with it.”

From a recent Mad Money show:"This is a tough situation. They are best of breed, but it's a tough business. I don't think they can be bought here."

From a recent Mad Money show:"They've done a lot to make the balance sheet better, but I can't recommend any regional banks right now."

From a recent Mad Money show:"This is a company that needs volume. I like NYSE Group (NYX) better since it has a dividend. But if you think volume is going up, you'd be better off with Ameritrade (AMTD) or Charles Schwab (SCHW)."

From a recent Mad Money show:"No. This is a bank that's in grave trouble. These are not investable right now."

From a recent Mad Money show:"I'm not going to speculate with that one; I'm going to go a lot more conservative with PPG Industries (PPG)."

From a recent Mad Money show:"This is problematic due to its ownership structure. Many of these media companies have come down a lot and have been a terrible place to invest."

From a recent Mad Money show:"I think they're just going to have a so-so story and is not my favorite soft goods maker. That's a second half of 2009 story."