Responsibility

Cramer's Stop Trading! The Bears' Big Bluff (4/17/09)

One way to look at the situation is from value point of view:
1. Is there value to keep cash that is bringing in only low income, so low that any devaluation and/or inflation will wipe out any such income, particularly if the economy gets worse?
2. Is there value to buy commodities that will drop in price if the economy gets worse?
3. Is there value to buy gold at current high price if the market capitalization gets worse, making gold at such price to be unaffordable just like oil at $150 a gallon?
4. Is there value to invest in reasonably good companies with responsible management to revitalize the economy?
5. Is the management of the financial markets is being corrected from past excesses, including effective restriction of uncontrolled short selling by speculators?
6. Is people realizing the problems associated with their indulgence in wasting resouces, greed, speculative trading, unaffordable living styles, etc, etc?

The market has hope if we hear more "no" to questions 1-3 and more "yes" to questions 4-6; I am beginning to think so.

Do Paulson and Bernanke Really Understand What's Going On?

To encourage people to be responsible, we should have tax penalty and special points for future loans on load defaulters and tax incentive to people who keep their mortgages, to those who take on new mortgages, and to those who increase their mortgages, similar to tax on big cars and incentives for small/hybrid cars. Please spread this if you agree so that the politicians will do something.