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LETMYSILVERGO
21st November 2008, 18:39
He Was Just On The Tube Saying Naked Shorts Should Be Abolished And The Ones That Did Should Go To Jail, He Blamed Them For Giving Us The Screwing We Have Long Had

He Said It.....naked Shorts Are Illegal And Bad.

research24
21st November 2008, 18:44
Does he mean all 12-1/2 BILLION of them? He doesn't think the fact that there is 50% more stock sold than actually exists is not okay? Of course he's not about to tell his titty sucker audience that

main1event
21st November 2008, 19:24
Thats exactly it, there is nothing wrong with shorting something or betting against it. The problem is shorting something that doesnt exist.

Lets take silver for instance. How can anyone even short more silver than is actually deliverable. The comex only has 40 million ounces for possible delivery. That should be the limit of a short.

Equities should be the same. Theres nothing wrong with shorting a stock but you should only be able to short the float and not the entire amount of shares issued.

LETMYSILVERGO
21st November 2008, 19:32
Kramer Said The Big Trouble Is People Shorting Stuff They Don't Have And Driving The Price Down....he Said Those Shorters Should Be In Jail.

main1event
21st November 2008, 19:41
cramer speaks in half truths. He's all for the bailouts and would love to have more power. He'd also like to have his hands on the bailout money. Cramers picks are awful I've seen very few pan out. He is a modern day tokyo joe.

Tokyo Joe was an infamous trader in the 90s who had a huge following. He'd enter a low float stock, then pump it up on the message boards, and then bail when the stock went ballistic. The SEC finally caught up with him and shut him down. Cramer is no different, he is probably telling his friends which stocks he was going to talk about before he'd pump them.

No Cramer is another GS flunkie, entertaining and funny but more like a rodeo clown. Honestly anyone that comes from GS is a POS. He's connected, thats why he's on the show. He comes across sincere but I wouldnt want him managing my money.

research24
21st November 2008, 19:58
Lets take silver for instance. How can anyone even short more silver than is actually deliverable. The comex only has 40 million ounces for possible delivery. That should be the limit of a short.



But isn't this the case with all commodities futures markets? I think the solution is to prevent banks and speculative funds from dealing in futures. The benefit of futures is proven to be outweighed by the risks as they are now destroying many producers.

main1event
21st November 2008, 20:03
But isn't this the case with all commodities futures markets? I think the solution is to prevent banks and speculative funds from dealing in futures. The benefit of futures is proven to be outweighed by the risks as they are now destroying many producers.

Futures, equities, options, it just doesnt matter. You should not be able to leverage 100 to 1. Thats the problem with derivatives too, they are a highly leveraged instrument.

In any event, futures are fine but no one person should be able to control an entire commodity through leverage. Futures were a way to hedge against a bad year. So say your a miner or a farmer. You anticipate that this year could be a bad year for you, so you hedge the crop yield.

However, in bazarro world a banker can control an entire years supply of crops in the whole U.S or entire years production of silver, gold, you name it. Thats insanity and can be easily used as manipulation.

I say banker because the money needed to pull off such a stunt would have to be accomplished either by a mad man or someone with alot of power.

LETMYSILVERGO
21st November 2008, 20:18
Back To Kramer, He Is Just A Show Man, I Can Only Watch Him For A Max Of 5 Minutes....if He Could Not Scream , He Would Not Have A Show.

main1event
21st November 2008, 20:25
Cramer is a reactionist, he has no vision. Right now anyone can tell you the market is going down. He believes we are going down because home prices need to be supported and foreclosures need to stop. Umm, what ever happened to the days you and Krudlow used to praise the free market?

The reason home prices are going down isnt foreclosures, that is merely the symptom. The reason they are going down is that they are way over leveraged and over valued. The median home price is still 30 to 50% over the median income in this country. Unless bankers are willing to forgive 30 to 50% of the principal there will be nothing that works.

Let house prices fall, let people lose their job.

What we need in this country is someone with vision. We need to have an energy policy and pursue new technologies, and build our infrastructure. We need to mine, drill for oil, natural gas, oil shale. We need to create jobs.

The answer is jobs. While we are creating these jobs, we need to make buying things on credit difficult so america can get back to saving. If one saves money they are more likely not to overspend and consume as much.

Yes, it will be painful but we will be on a road to recovery.

research24
21st November 2008, 21:18
I don't think its possible to prevent people from buying with borrowed money.


The solution to cramer is the OFF button. I don't know how anyone can stand to listen to that huckster. PT Barnum was absolutely correct.

ascentient
21st November 2008, 21:21
I just started watching CNBC in the past few days to see what they're about. I've never thought that there could be people less qualified and less informed giving advice ot the general public. The people on there have absolutely no idea what to do. They are socialist perma-bulls. The market should always go up and if it doesn't the government should do something. Fracking morons. It was fun to watch Peter Schiff ream them.

research24
21st November 2008, 21:23
Well, Main, it will take this depression to wipe out the corruption and teach lessons that are hard to forget. Nothing would change unless all the malinvestment is wiped out along with its practitioners. What is now happening is the result of 30 years of propping up a corrupted system that just gets sicker and sicker.

Knowing this is why I am not terrified of what is happening. Its good for us in the long run assuming social collapse doesn't occur.