Fox News Channel' s "Cost of Freedom" Saturday Morning shows-- The "Cost of Freedom" Block was abbreviated due to breaking news.
Bulls and Bears started with an macro initial discussion of if and when the Dow would reach 12K. Gary B. Smith said September. 'Nuff said. Tobin Smith actually said if oil is above $50 and interest rates about 5%, it won't get there. Mostly, it was a lot of"rising oil will kill the market" "no it won't". Next segment was stocks that won't get hurt by a CEO sex scandal (???) Tobin Smith said VLO. Danielle Hughes said XOM. Pat Dorsey liked (and owns) BRK --quote of the day "technically he (Buffett) was living in sin for a number of years anyway" Scott Bleier suggested HON. In the "Smith Brothers" segment, Gary B. Smith named IPXL and BRO as breakouts but Tobin Smith didn't like them; they both agreed SBUX was okay though. In predictions, Scott Bleier called a pop in housing bubble and TOL to fall; Pat Dorsey said MSFT is finally cheap enough to buy; Tobin Smith said MANH is gonna get bought out at a 40% premium by MSFT; Danielle Hughes said EBAY is going down; and Gary B. Smith ELY to go up.
Cavuto on Business started with yet another discussion on scial security reform, but at least there was something different-the suggestion of a national lottery to raise money for secial security. The panelists either loved it or hated it. The next segment was "knockout stocks": Leigh Gallagher said NKE, Gregg Hymowitz named PMMAY, Charles Payne liked PEP, and Chris Russo mentioned SWC because he likes commodities and "palladium is the only cheap metal". Next segment was more sex scandals-doesn't help me make money. Finally, lots of pointless predictions about American Idol and Martha--the most interesting one was Charles Payne predicting that many more small public companies will voluntarily delist themselves because Sarbanes-Oxley and other regulations are making the burden of being public too onerous.
Forbes on Fox started with more CEO sex scandal stuff. Interesting discussion to a point--but again, I don't really see how it makes me money. Next segment discussed taxing junk food, and was mercifully interrupted by a breaking news segment.
Unfortunately, Cashin' In, my favorite of the Fox Saturday financial shows, was completely pre-empted by the breaking news. I'll keep an eye out for it being replayed at some point this weekend.
UPDATE--Forbes on Fox and Cashin In were played in their entirety Sunday morning and my summary is here.
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