Traditionally, IBM's customers have not been empty-headed boys and girls from the hood who are looking for a new bling. Rather, they have been Vice-presidents of Accounting, IT Directors, and the like, who are looking to position their companies for the next decade in the corporate world. In the corporate market they have succeeded mightly.
Cramer is a great entertainer. I rank him right up there with Milton Berle and Red Buttons.
But as far as investment advice goes, almost any chimpanzee can do a better job.
It is a positive step forward, toward a more civilized nation. It is not perfect. No new transformative program ever is. But it is a beginning. When the dust settles, the US will be a better place.
From the Reuters article:
"In Britain, Lloyds set aside another 750 million pounds ($1.21 billion) to compensate customers who were mis-sold payment protection insurance (PPI). Shares in Lloyds were down 1.9 percent at 1145 GMT, even though the bank almost doubled underlying profits in the third quarter."
So--- Their current business is doing very well, but Lloyds is still dealing with the cleanup of the banking debacle. Looking forward, if you're a long-term investor, this shouldn't bother you too much.
Wow! Up 3.72 percent today on almost 3x average volume. I wonder which institution is buying? Really impressive.