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.

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.

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.

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.