Mobile Internet Tsunami
Back on August 11th, Jim Cramer promoted the Mad Money Mobile Internet Index . An index that tracks the upswing in mobile internet devices such as the iPhone from Apple (AAPL) and the Pre from Palm (PALM). Cramer thinks this is a multi-year move similar to PC revolution in the mid 90s and the internet revolution in the late '90s. On-the-go Web is a trend equal to the mass adoption of the PC, he said, and it will be with us for some time to come. So Cramer today created the Mad Money Mobile Internet Index to track what he expects will be a years-long growth cycle. The index includes 21 stocks that for the most part don't interest us because most of the networking equipment and semiconductor companies margins tend to get squeezed by the big players such as APPL. Its hard to over thing this play and why not just go with the big boy benefiting from the theme. Index list by sector: Smartphones Apple - AAPL Google - GOOG Research in Motion - RIMM Palm - PALM Telecom Equipment ADC Te...