Kath H.

Stocks Plunge, Again

Looks like the Yuppie/Baby Boomer crack party is over. Actually it is just beginning. In most of the world when things go very bad, people buy gold; in the U. S. when things go very bad, people buy drugs.

How Low Can Google Go?

Kris23: "but I thought GOOG was alwayssss a good buy..... haha"

So true. I guess we might observe that it was always good buy if it was bought at $110. Perhaps there are still stockholders who bought at $110. What will they think when it is $50. Stranger things have happened.

Buyers On Strike - Cramer's Stop Trading! (10/6/08)

Isn't the National Association of Realtors the crowd that said "Now is the time to buy" about 1 1/2 to 2 years ago? Ha, ha to the suckers who believed that.

Time to Hoard Cash - Cramer's Mad Money (10/6/08)

"(FDIC) insured savings account is the only way to guarantee your money will be safe."

The dollar may still be a dollar with FDIC insurance, but the dollar might not be worth much.

The Cramer Crash?

Cramer's comments remind me of Greenspan telling people to get adjustable rate mortgages.

The Cramer Crash?

Mr Doji: "Anyone who is too lazy or stupid to do their own research should stay out of the markets. Listening to anyone else's recommendations is a recipe for disaster.Making money in the markets is hard work, not a get rich quick scheme.Unless you are connected to Goldman Sachs."

The problem is that after one does excellent research, there are enough morons to listen to the Paulsons and the Cramers of the world and then these morons drive the market in an illogical fashion thus ruining the hard work of the diligent investor or trader.

The same is true about elections. Democracy fails because there are enough fools that vote their emotions and not the issues. A candidate who drums up the fools will win virtually every time.

Cramer: Dow Could Drop Another 14%, Oil's Going to $50

longtermstocks: "Cramer needs to stop drinking while doing the show!!"

Maybe he found Paulson's crack pipe. It was lost for a while over on Capitol Hill.

The Cramer Crash?

I remember the days when I was in Jr. High and read the Wall Street Journal. There were no Jim Cramers, no Maria Bartiromos and no Paulsons yapping in front of the television camera -- then they were black and white or color was just coming in. People could trade on facts, not yap.

We need to do away with recommendations. We also need to do away with mutual funds because then company executives would be responsible to individual shareholders, not fellow executives running mutual funds, hedge funds, pension funds, et cetera. As Sarah Palin might say " I betcha high CEO salaries would go down too" as shareholders retook control.

America Needs a Turnaround Plan

A turnaround plan will not work. What is needed is a fundamental change in the U. S. economy. Currently it is based on cheap labor through population growth and putting off payment to the future, i.e. high debt. Look at the historical marginal income tax rate:

www.truthandpolitics.o...

There was infrastucture and education funding fifty years ago. The Baby Boom generation slobbered at this trough and then grew up to cut their tax payments massively. We have had a stampede of the Greedheads for decades. It cannot continue.

Bailout 1.1 Passed. Will We Have to Go Back to the Well for v2.0?

First, the Bailout is Plan B, not Plan A. Plan A was the privatization of Social Security. It had nothing to do with increasing Social Security payents, it had everything to do with injecting billions into the stock market to keep it growing.

Second, the problem is that the U. S. has a credit fueled consumer economy. It is a Ponzi scheme based on cheap labor achieved by immigration, legal and illegal and by borrowing to fund today's expenses.

The U. S. needs to shift to a sound economy. The U. S.needs to produce something.

Think of These as Short-Term Troubles

One interesting thing is that while exports have been the only saving grace in the U.S. economy, the dollar is now strengthening, causing harm to the export business. The Europeans seem to be decreasing the value of the Euro in order to improve their exports. So the U.S. just smiles as our economy tanks more: fat, dumb, and happy.

As for the Bailout, and it is a bailout, the purpose is to extend our massive reliance on credit. One does not cure an addict by refilling his crack pipe.

Throw Everything At It - Cramer's Mad Money (10/1/08)

The Bailout Bill is a joke. Over 100 billion dollars have been added. And these are real dollars, not just guarantees that might not end up being actual expenditures. Cramer has turned into a pimp for Wall Street banks.

Regional banks are doing business. The big car dealers that are in trouble are the ones that expanded too much. Let them fail.

3 Things America Needs to Do to Get the Economy Back on Track

The U. S. economy is a Ponzi Scheme based on cheap labor and large amounts of credit. When the country, both government and citizens, realize that a no-growth economy is the only economy that will work, then the U. S. will prosper. Everyone doesn't need a BMW or a gold chain around thier neck; everyone can have health care and a decent retirement. However, this state of affairs will never come about due to politics. Hence the U. S. will sink to being a minor player in history.

No Wonder the $700 Billion Bailout 'Deal' Failed

Excess liquidity is the problem. Too many people and businesses living on credit. What does the bailout due to cure that problem? Nothing, it just delays the day of reckoning.

Hey, Congress, Guess What? WaMu's Toast

Why was it taken over? There was no run on deposits. Perhaps the reason for the takeover was very weak, and the takeover was just to scare everyone to back this phony 700 billion dollar bailout.

Why aren't these FDIC takeovers reviewed by the courts? Stockholders and bondholders of WaMu should demand such a judicial review.