market sins

I have recently retired and a lot of my former associates have asked me what to do given the state of the economy.

I told them that most times we have already answered the question. We simply did nothing and have held on to our investments.

On further review of the past few weeks I have made some observations about the market and such.

Lust

The market is a lot like adultery. It takes willing participants looking for something different. Both think they are in control and no one is at fault. They are being kissed and screwing each other.

In the markets case the two is less clear, but if you couldn't sell something the market wouldn't fall it would fail.

Greed

In order to sell and make more the market came up with something different. Derivatives and sub-prime mortgages.

Gluttony

The market, banks, hedge funds and such simply wanted more exposure than was manageable. In the end they simply had to much.

Pride and Envy

All the firms wanted to be the biggest, the best, the richest without regard for any accountability. They each think they are the best yet envy others for what they possess.

Wrath

Now we are suffering the wrath of that which Wall Street thought they knew and controlled.

Sloth(apathy)

These firms apathy is being rewarded! Bailouts, subsidies and whatever.

Now the market adultery has changed. The big guys are getting kissed and the little guys are getting screwed. It seems as if it was no one is at fault and no one is in control.

I don't like it! Nobody is bailing me out!

How could you help the little guy out.

Do away with the penalty for wash sales on stocks. I had to sell at a huge loss, but can't buy at record lows for 30 days from my sell date. What a crock. Somebody is buying, but it isn't the little guy.

What about the little guys in a 401K, IRA, or some such that had no safe haven within their plan to move their investments.

I have learned one thing. There is just one thing the big guys know, that we little guys have not learned.

They know how to keep their money. And now they have figured out to get the little guy's money from the government.

They want my money. I want their company. Nationalize every one of them that gets help. Put the profits in Social Security or Nationall Debt.

Better yet, use any profits to lower taxes or distribute to all legal taxpayers with U.S. citizenship over the age of 21.

Just say NAY!