but prudence at last, not describing or hiding recklessness, prudence dictated we sell the stock oncehad four analysts. better to clear out early with your winnings than to wait for them to fade away. never begrudge a profit. hansen, as pretty much all other small hot stocks started to cool off once it hit that critical mass of analyst coverage. the bottom line here, small hot stocks are definitely worth owning, don't let anyone tell you otherwise. you must know when to sell! that moment comes when you see too many analysts jumping on the bandwagon. use my rule of thumb, four analysts to let you know when to run and book that fabulous gain! stick around for more "mad money." >>> don't get mad, get even. more "mad money." catch cramer at 6:00 and 11:00 eastern on cnbc. stay connected to cramer on madmoney.cnbc.com. >>> i like to say there's always a bull market somewhere, i promise to find it just for you here on "mad money." hope you enjoyed this special show. i'm jim cramer. see you tomorrow.

but prudence at last, not describing or hiding recklessness, prudence dictated we sell the stock onceur analysts. better to clear out early with your winnings than to wait for them to fade away. never begrudge a profit. hansen, as pretty much all other small hot stocks started to cool off once it hit that critical mass of analyst coverage. the bottom line here, small hot stocks are definitely worth owning, don't let anyone tell you otherwise. you must know when to sell! that moment comes when you see too many analysts jumping on the bandwagon. use my rule of thumb, four analysts to let you know when to run and book that fabulous gain! stick around for more "mad money." taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are secretly checking email... - on a vacat

our winner tonight prudence young of baltimore. congratulations. you scored an abc 2 -- not bobblehead, but umbrella. >> you'll have to retrain your thoughts. >> right. we'll be back with our forecast right after this. >> watch abc 2 news any time on channel 1 with comcast on demand. (employee 1) subject: urgent!! bob!! i need the baker file stat!! reply!! still making changes. circle back later!! what's with the yelling? oh, our internet slows down during peak hours so sending e-mails and large files just takes forever. so, we just yell. ben!!! thanks for the flowers!!! i thought you hated me!!! lol!!! semi-colon! right parenthesis! winky emoticon! (announcer) switch to verizon and get a dedicated high speed internet connection from our office to your small business so you won't be slowed down even if your neighbors are online. call the verizon center for customers with disabilities at 800-974-6006 tty/v today and for only $79.99 a month for 12 months with a 3 year contract you'll also get our award winning internet security suite, unlimited natio

handled this without a lot of fanfare, without a lot of back and forth and it was done with the prudence and care we always said we would do. a lot of people have things to say about how lawyers do business. this was the classic case of doing it for the right reason. >> larry: anything you wanted you didn't get? >> no, we got everything we wanted. that's what we were looking for to have happen. >> larry: were the children there? >> no, the children were excused by the judge. >> larry: have you talked to them since? >> no, itch not had a chance to talk to the kids. they very much wanted their grandmother to be their permanent guardian. >> larry: what did you arrange with debbie rowe's lawyer? >> we arranged she would have under the appropriate type of supervision and care for the children an opportunity to have visitation in a supervised manner in the best interests of the children. quite frankly, this was never about money. she deserves credit for that. her lawyer deserves credit for that. it's always been about the best interests of the children, larry. >> larry: we understand the child

traditions of our civilization, limited government maintaining values common maintaining fiscal prudence attacks with government structure that allows for economic prosperity, a decent respect for the opinions of mankind. this is what i hope we would all agree. >> do you think the consensus here with the panel is conservatism is not dead but the gallup poll shows kelly conway poll that's a factor of two /1 they choose conservative over liberal but it seems the bush years were labeled conservative but he was not put up and tell obama largest social spender in history engage the united states through adventurism i don't think had great support within the party itself. to rethink the republican party is no longer the vehicle for conservatism or is it salvageable? maybe i will ask thomas phillips to start. >> i have always been skeptical of third party organizations trying to start something from scratch it would be easier to go back and turn it around rather than scrap it. just the structure of politics and election law makes it difficult to be a third party to become a second party. but i

talking about raising taxes, more debt, fiscal prudence. sounds like there's a boat load of trades here. >> none of them are good apparently. the problem is he's probably spot on in what he's talking about. that's why i think this market, this s&p has gotten way ahead of itself. getting into an earnings cycle, where is the etfs going to come from? the revenues weren't there. we beat it by cost cutting. you can only do that so much and at some point the government goes away. >> what people don't realize is when you talk about ten-year treasury yields, how quickly they can get to 6%. i believe you are going to see a dramatic shoot higher in the yields and that's going to make the commodity trade we keep talking about. >> think about it. we haven't gotten the type of recovery where walk guaranty one of those 99 economists that you want to poll, sends up a white flag. the recession is over, prosperity is around the corner. that's when you'll see bond yield movement. >> government policy really matters for markets and i brought along a chart tod

on the one hand risk taker, on the other hand prudence. on the one hand this, on the other hand that. it is all there and you understand that those are the. you're still left with the hard, tough decision making responsibility of saying "within those choices, how do i make the right choice?" and i'm not sure this book or any other book has the capacity to tell you that. >> no. >> rose: because in the end, you've learned from history or you will repeat history. on the other hand, new waters are constantly flowing into every river and so it's constantly changing. >> i'll offer two thoughts about that. the first is that i... the more i look at things, the more i come to the conclusion that at the root of much of it is what is the truth of the ambition of those in power? and if your ambition as a leader is really about you, it's about the success you have, it's about the attention you get during your time, it's about the wealth you accumulate, that leads to... is more likely to lead to the absence of the disciplined decisions that would produc

onhe one handisk taker on the other hand prudence. on the o hand this, on the other handhat. it is all there and y derstand that those arehe. you're still lt with the hd, tough decision making responsibility of saying "within thoschoices, how do i make the ght choice?" and i'm noture this boo or any other book has the capacity to tell yo that. >> no. >> rose: bause in the e, you've lrned from history or you will repeat story. on t other hand, new waters are cstantly flowing int every river and so is consntly changing. >> i'll offer two thoughts about that. the first is that... the more i look at things, the more i come toheonclusion that the root of much of i ishat ishe truth of the ambition of those in power? and i your ambition as a leader is really about you, it's abo th success you have, it' about the attention you get during your time, it's about the alth yo accumulat, that leads to... is more likely toead to the absence of the disciplined decisions that would produce great sults. if ittarts with those people li anne mull kay hiwho are deeply passionatebout the cause, ab

but even now you almost never and you didn't see it at the time, there's almost no prudence coverageof the bact that the democrats had received something historic. all the coverage running up to the election they're going to lose 25 to 30 seats. it's going to be a calamity. instead, they hit the republicans between the eyes with a 2x4 and did something that had never about that happened. so the publi agreed with me and they were right. it was about power. it doesn't excuses the personal mistake i made, but it was not an impeachable offense. no one ever says today, it came at the end of a white water inquiry which there was nothing to and in which hillary and i were completely exonerated by an exceedingly partisan prosecur who could never find anything that i did wrong and a civil lawsuit when i was exonerated by a political opponent of a judge. and they all said when they got right down to it we can't find anything they've done wrong. so that's what made this impeachment thing so wonderful for them. it like justified squandering $70 million of the taxpayers money, and the most horren

a few years to try to get ck on track and get back in touch wh the ameran valu of discipline and prudence and frugality and ose things. and ineviy we'll start, you knowwe'll put the pedal to the metal again and probably end up in a ditch in024. >> rose: tell me aut the story the aunt and -- t ant and the grasshopper. >> we all ow the sto. >> rose: i want to y tell it. >> the ant in the table was the prudent, hard work careful collectinfood for the wier character. the asshopper didn't do that, parti, partied, partied. sang, danced. and winter comes. and th grasopper is in big trouble. my viewss i was thinking abt what had happened ove the last 25 yrs what has happened over the last 2 years in american histor is that americans are both. americanshave the ant this in them and the grasshopper in tm to a degree that i don't ink -- i think that most defines our national character this wild and crazy speculative side. and thisdisciplined hardworking sober yankeeee foder side. and we indulge one foa while, then that doesn't work so we or it gets boring then we indulge the other. and now it isime

the one hand risk taker, on the other hand prudence. on thene hand this on the other ha that. it is all there and you undetand that those are the. you're still left th the hard tough decision making responsibility of saying "within those chces, how do i make the righchoice?" and i'm not sur this book or any other bk has the capacity to tell youhat. >> no. >> rose: becau in the end, you've learn from history or you will repeat histy. on the other hand new waters are consttly flowing into every river a so it's constant changing. >> i'll offer twohoughts about that. the first is that i.. the more i look at things, the more i come to the conusion that at the root ofuch of it is wha is the truth of the aition of those inower and if your ambition as a leader iseally about you, it's about the success you have, it's about the attentionyou get during your time, it's about the weal you accumulate, that leads to... is moreikely to lea to the absence of the disciplined desions that would produce great resus. ift stas with ose people like anne ml kay hi wh are deeply passionate abo the cau

today we have the prime minister getting a lecture on prudence while he is in warsaw. doesn't the collapse of the budget in the last week and the damage to his credibility make an unanswerable case for an independent office for budget responsibility, so that we get independent forecasts on budget day and the assumptions of the budget are believed by the public? >> his solution is to stand back and let nature take its course. that is a price i am not prepared to pay. i set out not just measures to help people who may be facing unemployment, but also businesses in this country. we have also insured over the last few years that we went into this in a position with the bank could reduce interest rates, unlike in the past when interest rates had to be increased. i believe that action we have taken to help the economy now and the action i set out to get borrowing down again are realistic and sensible, given the situation we face. the question he will have to answer sooner rather than later , what exactly is he proposing in relation to public spending? what is he proposing to

and the prime minister getting a lecture in prudence while he adds and warsaw. -- while he was in warsaw. we are not used to the polish prime minister doing this as well. as the collapse of the budget last week and that damage to its credibility make him an independent -- make the case for an independent budget hawks us, so that the assumptions of the budget are believed by the public? >> this solution is to stand back and simply let nature take its course. that is the price that i am not prepared to pay. i sat out the budget, not just measures that help people, especially those facing unemployment and need help to get back in the work quickly, but also businesses in this country. if we had insured of the past year years never went into this position with i did pat -- a plan to reduce interest rates. we have taken action to help the economy now and the action set out to get borrowing down again are realistic and sensible, given the situation that we favored the question he will have answer, sooner rather than later, what exactly is he proposing in relation to public spending? what exactl

and you propose he draw up a new blueprint that emphasizes things like growth, low taxes, fiscal prudenceense policies and what should those policies be. >> first we need to create jobs with the private sector and we need to stimulate small business and use tax incentives to grow the economy and not do what health care does which is to penalize people with more taxes, if in fact they don't have the resources to provide the jobs americans need. and, fundamentally, the policies on health care need to be centrist and they need to be incremental and on expanding care and recognize preexisting conditions, and portability and roll out a public option and we -- rule out a public option and we do that we can get consensus. >> gregg: rule out a public option and maybe go for co ops, and abandoning the higher taxes and he will not do that, it would be eating crow and it is not in his nature to do that, is it. >> it was the house democrats who really pushed the high tax note, and i think the president still can forge a consensus, with a moderate -- moderates in the house, blue dogs and moderates in

prudence and patients become dole and pity if you are on a roll it is time for big ideas, bold decisions and heroic leap of faith. it's all about adventure, danger and fantasy and boy was already at that point. i think honestly as we look back on the borrowers who got in trouble, my gut feeling is from having talked to many people most of them would admit they had a feeling, they had a sense what they were doing was a problem, that it was and why is, that they were running high risks and for whatever reason they decided to override their sense of caution and plunge ahead anyhow and we will be debating for years if not decades why so many people took the plunge but i would argue at the end of the day that it wasn't human nature that changed in 2004, it was the financial system, the financial system had -- was channeling a massive flood of money from around the world. it was cheap money and they were looking for slightly higher yield whatever way they could, risky borrowers or more profitable bar worse and this was the last game in town. we had was a financial system encouraging, enticing,

compare that attitude of fiscal prudence and pro detectiving the -- protecting the citizens from what you get if state capitals. it's a remarkable case study that it can be done but it requires a very disciplined, very different approach. the texas legislature has refused to implement an income tax or a capital gains tax and capital gains taxes are particularly dangerous for states, because in good years, they give you too much revenue, which the states promptly spend, giving them too big a government, so in bad years, when the capital gains tax collapses, they have no ability to retrench and to cut back on government. and california is the classic case study, because silicon valley generated so much capital gain during the boom years for information technology, that they dramatically expanded government in sacramento, and it's now unsustainable. and yet they don't have the political will to figure out how to shrink the government. so it's a pretty powerful argument against capital gains tax, just as a matter of fiscal policy. there's another difference. texas actually likes business,

prudence and patients become dole and petty if you were on a roll it is time for big ideas, bold decisionsand her right. it is about adventure, danger and was i ready for that at that point. i think honestly as we look back on the bar was a got in trouble mine that feeling is from having talked to many people that most of them would admit to you they had a feeling that what they were doing was a problem, that it wasn't wise, that they were running high risks. and for whatever reason the decided to override their sense of caution and plunge ahead anyhow. and they will be debating for years if not decades why so many people took the plunge it wasn't human nature that changed in 2004. it was the financial system. the financial system had channeling and absolutely massive flood of money from r-mo world. it was cheap money and they were looking for slightly higher yield, riskier borrowers, or more profitable are worse and this was the last game in town, so what we had was a financial system encouraging, enticing one, and roping in millions of borrowers who just went ahead. else i say, people ha

we hold prudence or wisdom at a minimum. week affirmed the passions highly. everything is passions-based. we are reintroduced to the kind of wisdom about human things that should define the basis of a reflection, a eight way of life in all politics, if we have to be dragged into it. i agree with dr. crocker, that our imaginations need to be retrained, they are almost entirely corrupt. our imaginations should be trained by wisdom, not by twittering, and the equivalent of morning cartoons. you need something that deeply trains your imagination in accordance with the wisdom, and i highly recommend shakespeare, because he compels you to slow down. you should feel like you violated a great, the sacred thing. i would read as much jane austen as possible. jane austen needs to be read. what is so wonderful about that is there are marvelous movies down on her novels. there is nothing wrong with movies. if you watch pride and prejudice or sense and sensibility, you will be trained to love only a great movie. it will form in new aid this taste of what is folder, cheap,

from the college of prudence. have completed graduate studies under the supervision of others.e holds two master's degrees from the university in cairo. before becoming deputy speaker, he was the chairman of a commission in iraq and has published numerous articles and books on jurisprudence and islamic law and has edited several scholarly publications. khalid al-atiya has lived in egypt, lebanon, the u.k., and of course now in iraq. i did not introduce myself. i am a fellow. our moderator is familiar to everyone. without further ado, i will invite khalid al-atiya to take the microphone and to speak about iraq and the parliament in iraq. thank you. >> peace upon you from god. at first i would like to >> thank you for the introduction. [speaking foreign language] without a doubt, she is a very distinguished by iraqi personality that has played a big role in the iraqi opposition. and represented iraq as the first ambassador after the fall of the previous regime in washington. and she is still connected -- very connected with her own country and aware of what is going on in iraq. i

that you're also wants to take a moment of personal prudence to celebrate the chairman emeritus birthday to wish him a happy birthday. so we want you to know that we all wish you a very happy birthday and many, many more. [applause] [inaudible] >> a little more careful about celebrating his birthday. the good news is, the good news is i am celebrating my 83rd birthday. the bad news is that i am 83. [laughter] >> i thank you, mr. chairman, for your courtesy and i think my friends for their kindness and courtesy. >> that chair now recognizes the gentleman from kentucky, mr. whitfield, for two minutes for opening statements. >> excuse me. i didn't see you back there. you just walked in. okay. >> you can go to mr. whitfield, he was here before me. and then come back to me after the next. >> you all work that out. mr. whitfield. >> we are all very polite today, so thank you very much. mr. chairman, i want to thank you also for holding yet another important hearing examining the ongoing financial crisis and ways we can help our constituents get through these difficult times and mitigate future