Wise thoughts

It doesn't matter where a stock's come from. All that matters is where that stock is going.

I made money by being able to decide what I wanted to focus on and what I wanted to ignore. There are 6,000 or 7,000 stocks out there, and if you can't narrow our focus, you can't win.

A stock of less than 250 mil is dangerous. For a big risk taker, only 20% of portfolio is suggested to buy those companies.

One hour homework per week for each stock you are owning.


- Jim Cramer

Economic structure of US

Manufacturing makes up 20% of the total economic activities (GDP?), while non-manufacturing makes about 80%. Non-manufacturing includes retailing, banking, construction and agriculture.

The Institute for Supply Management is producing two indexes in each month for the two categories of economy, Manufacturing Index and Non-Manufacturing Index. If the index is above 50, it indicates the category of economy is expanding.

ISM Website:

http://www.ism.ws/