SKF and Cramer

Discussion in 'Trading' started by Chartiste, Jan 20, 2009.

  1. Virtually every day the market is down, Cramer comes on TV and blames the SKF (I am not kidding). Perhaps he didn't listen to the abysmal earnings call from State Street or read their scary 8-K (down >60% today). But facts don't's the conspiratorial traders manipulating the SKF. He says all his sources confirm this.

    Since I am not as brilliant as Cramer nor do I have any of his "street" connections, could someone please explain how a double short fund that trades 1/6 the volume of the "motherfund" (the XLF) can have such a disproportionate effect on that sector and the market in general.