Kath H.

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.

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.