Sorry, editing mistake ... I'm sure Cramer is familiar with the study. Instead of citing actual issues with the study - he simply dismisses the authors as "academics" as opposed to referencing actual problems with the report. That's pretty weak and conveniently lazy ...
I never minded what Cramer said since I realized he is just an entertainer. But, when he starts using his pulpit to try and influence the SEC or regulators, then I think it is sad that such misinformation may actually impact a generally free society.
Institute the uptick rule. Its these shameless cockroaches that have abused the hell out of it and robbed American wealth across the board.
Explain how the uptick rule would have protected the entire market from a sell-off reaction to the gross irresponsibility of the financial sector's endangerment of the entire economy. Explain how the uptick rule would have prevented share owners from selling off stock of a screwed up company like Bear Stearns. Explain how the uptick rule would increase the value of a company like Bear Stearns. The current price of an individual stock or the entire stock market will always be near the averaged perceived value of all investors regardless of all the buying, selling, shorting, upticking or no upticking. If reasonable or emotional selling causes price to fall below what it is actually worth, price will return eventually. If one can't handle the natural volatility nor wait for price to return to the norm, be a real man and put your money in a stress-free savings account or actually do some real investing long term by buying an ETF and ignore the ups and downs and wait until retirement. Another thing, I have no need for the removal of the uptick rule, but I understand the interference of the free market and the uselessness of it being reinstated.
Oh there won't be any real explanation. Apparently he thinks that the only sellers in stocks are shorts. I don't think it ever occurred to him that longs/former bulls sell too.
Afraid so, but I could not help but to ask Hedgefund"Trader"2 for an explanation. A quote from HT2 in a recent thread that he started, "Stock markets are there to go up and not down." That would explain everything I guess. The problem is that these people complain to the gummint to pass rules and regs on nonissues, not real issues and causes, to try to alter their unchangeable reality towards their direction with the belief that the gummint will do more good than all the harm it causes.
He mentioned something about short sellers putting "High quality" companies in danger of being pounded into dust! HAHAHHAHHA What a clown!! Wow, talk about losing any remaining last ounce of credibility he may had left. Try shorting Berkshire into dust Jim.
Thats absurd lets keep having the no uptick rule unless we also can only buy on downticks. He's pandering to the bulls because he rarely shorts. Tell me there is no piling on on the long side and manipulative squeezes. He is a loser!
Next time he will urge his readers to write to their congressmen to make shorting illegal. If that doesn't work, the well urge his readers against to write to their congressmen to make selling stocks unconstitutional.