“If we didn't bounce today, you have to wonder whether we would ever bounce. We had the technical setup to bounce off a 50% retracement. We have a ton of stocks that have gotten to absurd levels, no doubt pushed down by the sector ETFs and the S&P 500 selling. We have tons of companies where nothing happened, but they have lost 25% to 30% this week! We have lots of companies where the fundamentals have improved because of the lower price of oil. We have many companies that will improve when the ECB cuts rates, and now that the price of oil, the big inflationary bugaboo, is down big, Europe can act. But oil isn't down so much that we can slash price-to-earnings multiples of 4 and 5, as the cash flows are totally intact. And we have stocks with historically high yields that have no problems paying them: Altria (MO), Kraft (KFT), Bristol Myers (BMY), BP (BP), Caterpillar (CAT), Nucor (NUE). Frankly, we are overdone, and even if we go down, we have to start focusing on companies that benefit from lower oil prices or don't get so hurt by them -- particularly because I don't think oil is going $10 lower, using Exxon Mobil (XOM) as a tell, because there is more upside than downside for many of these stocks.”

From a recent Mad Money show:"I like the pharmaceuticals. They're not financially oriented and don't need financing to sustain themselves."

From a recent Mad Money show:"If you want a play on fasteners and a play on the recovery of the economy, I'll send you to Alcoa."

From a recent Mad Money show:"This is a company with a great agricultural portfolio and pricing power. But it doesn't have a dividend."

From a recent Mad Money show:"I think its a good company now that they've restructured themselves. People still eat bread, even in a depression."

From a recent Mad Money show:"This is the most over-owned stock by hedge funds. People feel the yield is not safe."

From a recent Mad Money show:"I don't have anything good to say. This is a discretionary item and I'm not going to support video games here."

From a recent Mad Money show:"This is one of the best performing stocks in the S&P. This stock should do well here and is a winner."