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Has Jim Cramer been castrated?
#1. Excited
The Stock Market is not rigged. There are just people / organizations that play dirty. Cramer should know, his hedge fund was sketch. Stock Exchanges and the SEC don’t have any laws, just rules and policies. So its a free-for-all on exploiting loop holes, but that is just noise.
If it was rigged, Warren Buffet and George Soros would not have the best records.
The Mutual Fund, Currency, Bond, Mortgage markets are way sketchier than the stock market.
#4–Wiglebot==if you want to quibble between rigged and play dirty you still are giving the house too much advantage==and there are various and many stages at which the house withdraws its vigorish.
One of my favorite musing is comparing two IPO’s. Everything is the same about these companies except one has a billion dollars in Category B reserved stocks to be used as stock options. Half of that billion is already contractually due to the then current management. The other Company is a straight IPO (a fiction I know but this is a hypothetical).
Now, this is all revealed in the papers filed with the SEC==but try to find it.
Someone must of just bought a yellow corvette.
Cramer has been repeatedly investigated for front-running orders on brokers’ sqawk boxes and talking his book on TV (without disclosure) and selling into the reaction.
Duh. You need a degree to figure that out?
The people in control run with the crooks. Who would have thunk it?
Right in line with everything else coming out of Washington D.C.: Districted Crooks?
Does anyone trust our government to do the right thing at all?
Cramer should know as he’s been part of it as a hedge fund manager and where he made his millions. When you run with the Wall St. crowd, you end up getting info none of us little guys can get. It’s truly a buddy buddy system down there in Manhattan’s Financial district. Many of them shared drugs, hookers etc. All the attempts to clean it up have failed.
Hey, it’s just the Repukes making money the old fashioned way – BY STEALING IT (WITH INSIDE INFORMATION), WHILE THE FEDERAL “REGULATORY” AGENCIES CONTROLLED BY BUSH/CHENEY ***LOOK THE OTHER WAY*** !!! Business as usual for the Repukes, serving their “Base”, the BILLIONAIRES AND MILLIONAIRES, WHO WON’T STOP STEALING UNTIL THEY HAVE IT ALL !!!
The market is rigged because of pump and dumpers like him shearing his sheep every night. His current collaboration with his hedge fund buddies must be very profitable.
This basic argument dates back the the Roman Senate. Greed is the nature of the beast.
You bet your a** it’s rigged.
http://tinyurl.com/6y86dc
http://news.silverseek.com/TedButler/1219417468.php
Most likely, it’s a diversion from this…
http://www.youtube.com/watch?v=5xE-zQgbdMU
Gotta love Cramer – hope his voice isn’t squelched anytime soon; we need to hear more honest skepticism from more economic quarters.
We had some good Cramer threads around here when he came to prominence a few years ago. I watched his show (and even read two of his books) to understand the “why”, and here it is:
All that Cramer does is monitor what brokerage houses are doing, and tries to keep his message no more than one step behind… and preferably one step ahead… the big guys.
The catch? The big guys are on to his game, and aren’t afraid to zig when Cramer thinks they’re about to zag just to make an extra buck (which would otherwise be made by those following Cramer’s advice).
Personally, I do think Cramer is legit, but how long can a show last if only preaches “long term investments”. He has to do this to maintain his ratings, especially against Fox Biz (and the male targeted crap they’re airing late in the day).
All in a good days trading.
No the market is not rigged and Wrestling is Real!..lol
Whoa, he criticized our great leader Bush! Swiftboat him immediately, corporate whores!
The market is rigged. It goes much deeper than Fannie Mae.