Cramer for SEC Chairman

liulala · Dec 17, 2008

uptick rule was invented by one of the greatest shorter, that is why it works so well and hated so much by shorters.

Quote from Wayne Gibbous:

Ain't that the truth. He's done most of them!

Anaconda · Dec 17, 2008

Quote from liulala:

uptick rule was invented by one of the greatest shorter, that is why it works so well and hated so much by shorters.

Actually it is preferred by professional traders who like to short.

Comptalk · Dec 17, 2008

My lord, what has the world come to? Cramer for chmn? Why not Geoffrey from Toys R' Us? Or, maybe Mr. Magoo?

I think we're all fucked....

KINGOFSHORTS · Dec 17, 2008

Why is it that shortsellers get the shit. I mean we did not write bad loans, etc.. Short sellers were willing to see the BS for what it was and trade accordingly.

And if you are a long term investor why would you care. Maybe due dilligence on your part and not investing in companies like LEH and BSC, GM would be the right thing.

liulala · Dec 18, 2008

do u under stand what called market manipulation?

Quote from KINGOFSHORTS:

Why is it that shortsellers get the shit. I mean we did not write bad loans, etc.. Short sellers were willing to see the BS for what it was and trade accordingly.

And if you are a long term investor why would you care. Maybe due dilligence on your part and not investing in companies like LEH and BSC, GM would be the right thing.

AAA30 · Dec 18, 2008

Quote from liulala:

do u under stand what called market manipulation?

Were you the caller that offered to come to the studio and provide some fallatio?

Red_Ink_inc · Dec 18, 2008

Quote from liulala:

Cramer for SEC Chairman

Cramer said Christopher Cox is an "ideological fool and announced, "I'm ready for the job. Let's make the change."

James, give it a rest.

Illum · Dec 18, 2008

Cramer hasn't been too bad down around the bottom here. Of course if you followed him you would already have bloody hands from falling knives all the way down. But he has been good down here. In and out. Seems like you put him in a fire and he shines.

Him for sec? good god..

We need Guiliani

shadowtrader · Dec 18, 2008

Quote from liulala:

Cramer for SEC Chairman

"Investigate bear raiders. Cramer would look for evidence of wrongdoing that brought down Lehman Brothers and other financial institutions.

Reinstate the Uptick Rule which made short sellers wait until a stock first ticked up in price. When Chris Cox repealed the law, stock prices became more volatile."

How are shortsellers responsible for Lehman's failure? They opened up their books even to foreign banks and nobody wanted to buy them at any price. If anything shortsellers were right and more people should have listened earlier.

I would argue that the problems we have today are the result of too few investors looking critically at companies, not too many. During the internet bubble and till today its popular to look at short interest and hope for a short covering rally. Maybe people should look at those stocks with high short interests and see if its justified. In most cases it is. Maybe management should worry less about people selling their stocks, and focus on making money. Oh and by the way, there is much more market manipulation on the long side.

Though I can't comment on Cramer lately because I don't watch him, I do not have a high opinion of him. He seems to parrot popular opinion. His ranting against short sellers is a red flag.

If we want Wall street to even have a chance at remaining relevant, we should hope for someone who will stress efficiency. Capital will flow to the markets that are perceived as fair and efficient. Put up too many barriers and you will see volume moving to other money centers.

canuckrookie · Dec 18, 2008

Quote from gnome:

Though Cramer once sent me an email suggesting I "take a pill" (that was after my saying he was ONE BIG JERK), I'd vote for him as SEC chairman.

At least he understands the playing field and where the abuses lie....

America NEEDS officials, regulators, and legislators who feel motivated to "do the right thing"... rather than pander to the cocksuckers who appointed them so that they can line their own pockets...

110% behind you guys on this. Cramer is a market guru and he really does understand the shenanigans that go on every day. He isn't blind and I think he would call people on their crap. Cox is a bloody disgrase and should be shit canned yesterday. What do we see, former sec guys defending him saying how great he is for admitting the sec is at fault? What planet do these people live on? I want to vomit now.