On his show, he tells his viewers to write to their congressmen and tell them that the repeal of the uptick rule has damaged their stock holdings.
He also claims that the repeal of the uptick rule has been a major component in the current market downturn, partially blaming it for taking the Dow from 14,000 to 12,000.
He is making repealing the uptick rule a goal of his show, sort of like he has "influenced" the Fed cutting rates, getting certain CEOs fired, and trying to get the Sirius/XM merger to go through.
For me, the repeal of the uptick rule has been a welcome relief. It makes going short almost as easy as going long.
Therefore, I urge you to write your congressmen and the SEC and tell them that the uptick rule needs to stay abolished, before all the Cramerite letters come flooding through.
He also claims that the repeal of the uptick rule has been a major component in the current market downturn, partially blaming it for taking the Dow from 14,000 to 12,000.
He is making repealing the uptick rule a goal of his show, sort of like he has "influenced" the Fed cutting rates, getting certain CEOs fired, and trying to get the Sirius/XM merger to go through.
For me, the repeal of the uptick rule has been a welcome relief. It makes going short almost as easy as going long.
Therefore, I urge you to write your congressmen and the SEC and tell them that the uptick rule needs to stay abolished, before all the Cramerite letters come flooding through.
