http://www.cnbc.com/id/15840232?video=690802125&play=1 You guys have to understand, the way this whorehouse is run, you'll have no one to trade with. Why not go down this summer and try out for your local Little League team? That's fair. Watch how long the other kids will show up. It 's easier for me to make money, but it's wrong, plain and simple. Sometimes it IS that simple. Cramer is trying to save his ass. Why the fuck do you think he and Herb got those subpoenas? the SEC sucks, and soon, they'll be leading people out in cuffs. But, the fact remains, Herb and Jim received subpoenas, and raised Holy Hell. Cramer wrote "Bull" in red, held it up to the camera and tossed it. that is a NO NO. You try it. You're ass will be in the slammer faster than Paris Hilton's shirt comes off on a first date. Those subpoenas were the result of an enforcement attorney, going to his boss in teh SF office, the boss approved them, and they went out. Then, those two rejects from a sperm bank went ballistic, Cox and Thomson stepped in and quashed them. Though it doesn't make them guilty, those subpoenas when out for cause. You young testosterone powered walking bulldogs think the markets are your personal playground. They aren't. They're Stevie Cohen's. But that's another story. These markets power the growth of the country, give the pension funds of the workers a place to go to achieve higher returns, and they need to be level and fair. They can tolerate vultures like us. No problem. But you can't pick the pockets of the public forever. Take a step back, and start thinking about something else than the next place you can stuff your meat missle. There are others on the planet besides you. If Cramer finally sides with the right side, great. I don't know if you guys realize it, but Friday nite, there was no market. If that 600bb of shit Bear held hit the Street, the markdowns would have drilled the remaining Madames of Broad and Wall into the ground like a jackhammer on a Monday morning. There are other companies where the destruction of the equity puts them out of business. This is offensive behavior that benefits only a few. It has got to be stopped while there is something left. And btw, I wouldn't worry about much. We've been writing these assholes in Washington for years. I firmly believe the phrase, "like tits on boar hog" was first initiated. So, for all intents and purposes, this is a mute discussion.
What's your fu@king problem??? Are you losing a lot of money??? You cannot handle the market??? Then find a day job at Walmart, be a Walmart associate.
See the above. Wall St. is filled with guys who make a fortune and then find Jesus. I'm making money. The rule needs to be reinstated. On the other side of those squiggles that dance on your screen, there are people. Never forget that.
This market still is the worst market to be investing in. There are so many factors that show their will not be a bull market in the near future. The media doesnt cover even half of the issues this economy faces. Bull markets is how most investors make the majority of their money. Yes you can dollar cost average. However, throwing good after bad..Or atleast bad for the next 2-10 years creates lost opportunities. Bogan not trying to argue your views please understand i am biased because im a trader. Oh and my arse is still very much intact.
What I don't like, is trading against the Government. You take a short position, and the government does something to bail out the idiots who did all this. Take a look today. They throw 75 bb for a 28 day period after a 600bb problem, and the market screams. Again, easy to hop on for a few points, but this is deadly for investment that we need. If the Government had done what they were supposed to, instead of meeting hedge fund managers palms up, we wouldn't be in this mess. Uptick rule wouldn't be a problem one way or another.
I agree with the view you take. Markets should be kept as free as possible. There will always be a long line of f**kwits, whether TV prima donnas, lefty liberals, assorted socialists, neo-socialists, tired dickhead politicians and going-nowhere-losers, all trying to interfere in free markets and free market efficiency. Every time, throw them back into the sea.
There is no free market and free country in the US- everything is regulated and under the laws of this land. Everything...Where do you live?
There is no proof to anything that you are trying to say. You mean to tell me that there would have been no volatility when BSC went under if the uptick rule was still in effect?
he didn't say that. His point , I believe, is it is unfair, leads to total disruption and loss of funds to real investors, who we count on to make our livings. Even cramer made that point. You did llisten, right?