Re: Jim Cramer on Stock Market Manipulation -- Hang him

[David Farber <dave () farber net>]

Begin forwarded message:

From: Wulf%20Losee <qx49 () comcast net>
Date: March 13, 2009 2:11:53 PM EDT
To: dave () farber net
Cc: ip <ip () v2 listbox com>
Subject: Re: [IP] Re:    Jim Cramer on Stock Market Manipulation --  
Hang him

Dave:
Not to be an apologist for Jim Cramer, but financial Markets have  
always been driven by investor psychological outlook. When people  
*think* they see a bright future for some golden investment  
opportunity, it's buy buy buy. When the mood sours, it's sell sell  
sell. Despite all this talk of "value investing", all the value  
assumptions can be blown away by a perfect storm. So playing on  
people's psychological outlook provides a means of manipulating market  
sentiment. Is it an offense under current Securities and Exhange laws  
to spread baseless rumors? Cramer says "no" -- not if you don't have  
insider knowledge. So the knowledgeless have power to sway the  
sentiment of the market, whereas the knowledgeble have to keep silent.  
Ironic?

Suggest you read, Michael Lewis' excellent analysis of the roots of  
the current financial crisis. The whole CDO fiasco was equivalent to a  
stock pumping scheme...

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?tid=true&print=true

--Wulf

----- Original Message -----
From: "David Farber" <dave () farber net>
To: "ip" <ip () v2 listbox com>
Sent: Friday, March 13, 2009 6:05:43 AM GMT -08:00 US/Canada Pacific
Subject: [IP] Re:    Jim Cramer on Stock Market Manipulation -- Hang him



Begin forwarded message:

From: Carl Ford <carl.ford () gmail com>
Date: March 13, 2009 5:42:14 AM EDT
To: dave () farber net
Cc: ip <ip () v2 listbox com>
Subject: Re: [IP] Jim Cramer on Stock Market Manipulation -- Hang him

This is a shooting the messenger moment.

I watched the entire interview with Jon Stewart and I became aware  
that CNBC would have been considered nay sayers if they had been out  
in front of these problems, like Jon suggested.  I can remember my  
broker and i fighting over bad news versus going along for the ride.   
The over leveraged vision was based on risk mitigation strategies that  
are still being advocated by some.

I also want to say that Sarbox issues would apply when interviewing  
management.

With all that said, regulators need to be rethought and Stewart makes  
a great point that the Financial Press is not acting like the fifth  
estate.

Cramer is someone who should be respected for admiting that.


Kind Regards,

Carl

PS imho opinion if the interview was about Microsoft alot of Apple  
bigotry would have been avoided.


On Thu, Mar 12, 2009 at 2:44 PM, David Farber <dave () farber net> wrote:


Begin forwarded message:

From: Lauren Weinstein <lauren () vortex com>
Date: March 12, 2009 2:31:56 PM EDT
To: dave () farber net
Subject: Jim Cramer on Stock Market Manipulation


FYI:

http://www.youtube.com/watch?v=ZWVmlxhk-tU





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