“Rummaging through the trash of a hedge fund manager last night I found a new game plan for after the wipeout of the insurers and the industrials -- the retailers. This is a simple one. Buy credit default swaps on Macy's (M) and JC Penney (JCP) debt, maybe add some Nordstrom (JWN) or Kohl's (KSS) and then spread the word that they won't be able to get a line of credit to buy goods for the holidays. You may not even have to do much here, as the numbers next week will be awful and the stocks will most likely trade lower on their own weight. (Notice Doug's Aeropostale (ARO) short in the Columnist Conversation.) Think about it like this: Nordstrom just dropped a ton of points on nothing; wait until we see the bad numbers, get estimate cuts, and then see where it goes. This one's just too good not to do, especially because the short-selling rules don't apply to retail. (Is this why Zale (ZLC) wanted to be covered?) Of course, I have no idea what the game plan is and I don't rummage through trash, but you can only imagine that it is such a natural trade that it has to be done. Macy's in particular has a ton of debt. It would be so easy to operate on. It is a natural, plus it is an easy sell to the media once the swaps are bought, the puts purchased and the "no uptick, short common" trade gets put on. Thing of beauty.

From a recent Mad Money show: "I want to say goodbye to Eastman Kodak. The business world is just too tough for them right now."

From a recent Mad Money show: "They have killed that stock. This market is brutal. If you're going to buy, buy in stages. This one could see $8 a share."

From a recent Mad Money show: "That's exactly the kind of stock we should be looking at. Take a look at Clorox as well, that's another good one. This is what you need to buy."

From a recent Mad Money show: "That's a speculative play, so it if you're not a speculator, I want you to sell."

From a recent Mad Money show: "I have to tell you, I'm seeing some incredible prices out here. I need to see the Boeing strike over though before we can buy in."

From a recent Mad Money show: "I do not want to recommend this one, either. Obama hates coal so I have to as well."

From a recent Mad Money show: "I like the guy who runs it, but he has disappointed, disappointed, disappointed and I'm not recommending it."