Michael Delaney

Nothing To Ship - Cramer's Stop Trading! (10/22/08)

Dr. Norman,

Did you buy RIG at $120 because Jim Cramer said it was a buy, buy, buy? Even though you knew the price of oil was dropping every day? Even though you knew we were headed into a recession and the demand for oil was going to go down before it goes back up?

If you did, then you are to blame, not Jim Cramer. And oil will rebound. Probably sooner than most people think. I think two years from now you will wish you had some $120 RIG. If you thought you could make a quick 20% and be out, this is a mighty dangerous environment to try that with any stock. If you thought you would hold RIG for 18 to 24 months, what's the problem?

By the Numbers - Fast Money Recap (10/17/08)

ashizashiz,

You really do have to work on your anger management. While I admire your passion, not paying taxes and not using credit are not really viable options.

Credit has allowed me to buy a house in which to raise my family. Without a mortgage, we would still be living in an apartment and I would not have accumulated $250K in equity in 20 years.

Nobody likes to pay taxes, but somebody has to pay for all those aircraft carriers which come in mighty handy when they are needed. You want a plan where everybody has enough to eat, is warm and has water to drink. Stop paying taxes to your local community and the water to drink will go away pretty quickly. Besides, I want a standard of living for myself and my family that is a little better than basic food, water and heat. I am an American and I enjoy baseball and football games, driving my cars, fishing, having a beer by the barbecue in the back yard, going on vacation for two weeks in the summer, and sending my kids to college so that they will have better opportunities than me.

You don't even know Hank Paulson. While you may disgree with his view on the economy, he is a smart man and if you lived next door to him you might find him to be an alright guy. More people in this country agree with his views than yours. But, its a free country and you are free to express yourself. More people would listen to you if weren't so negative.

Lighten up. Rein in your finances enough so that you can once more sleep at night.