Jim Cramer Blog

Today on The Call, they discussed how oil hit a record high of $92.22/barrel overnight. Up 30% YTD since mid-August. Microsoft, Hewlett Packard, IBM and Verizon are market leaders today. Dow is about 430 points lower than the October 9th week end. Scott Sperlingco president of Thomas H Lee Partners says private equity investments are getting worse. Oil Prices due more to speculators rather than fundamentals says, Chris Motroni, an independent investor. Leopard may compete with Vista operating systems. With 300 new features, and new backup system, Macintosh has seen a 30% increase since Leopards' release. Next up, Kudlow interviewed vice president Dick Cheney, discussing Iran sanctions and oil. Cheney says doing business with Iran causes problems with business done with America.
For $5,000 you can spend a day and a half test driving Lamborghini's, Ferraris, and Mercedes. (behindthewheel.cnbc.com)

Labels: CNBC, Crude Oil, HP, IBM, Kudlow, MSFT, The Call, VZ