Terroristic Attack on Financial Markets

[Grandma Carolyn]

I actually heard Jim Cramer on cnbc financial station actually say that the short selling in the financial markets could be terrorististic. He said that the American short sellers would not deliberately bring the US Markets down. He thinks they are to Patriotic to do this. I don't profess to understand all that is happening. I'm just repeating the discussion that I just heard a few minutes ago.

I know that President Bush cancelled his schedule today to stay at the White House and is watching all of this.

I heard something about the UK outlawing short selling.

Hans, what do you understand about the world markets and short selling?

gc

[Grandma Carolyn]

Stocks on the Dow is going back up after Paulson talking about RTC-type solution.

Hope they will continue to climb.

[David Parker]

I didn't hear Cramer's remarks...I used to listen to him a great deal, but he has just become a bit too 'crazy' for me lately. I was also an early member at TheStreet.com which he started. Let that lapse too.

Having done a great many shorts, I just don't see 'terrorism' in this. If you think a stock is going down, you short it. If you think it's going up, you go long. It's just basic investment strategy, though shorts are generally a more short term play.

[Grandma Carolyn]

Well Paulson and the White House think there is some danger! Check it out!

CNBC professionals are saying that all short selling is going to be revealed. If anyone did something to cause all of this they are going to be in trouble. It may be interesting news to watch for.
And, that is a Republican White House! At least, they are taking notice and supposedly are now on guard.
gc

[Grandma Carolyn]

I didn't hear Cramer's remarks...I used to listen to him a great deal, but he has just become a bit too 'crazy' for me lately. I was also an early member at TheStreet.com which he started. Let that lapse too.

Having done a great many shorts, I just don't see 'terrorism' in this. If you think a stock is going down, you short it. If you think it's going up, you go long. It's just basic investment strategy, though shorts are generally a more short term play.

Cramer was being interviewed on CNBC. Someone has enough confidence in him to give him time for an interview. It was just about an hour ago, I have it saved on my vcr. It is 2:58 pm right now as I post on 9/18/08.

Banning short selling may be a fast cure, but if it keeps us from going into a great depression I'll take anything before sinking and drowning.

I'm getting ready to listen to President Bill Clinton be interviewed by Marie Martivillie. Can't spell her name without looking the spelling up.

However, the UK, is being a leader in this problem and they are taking notice and doing something!!

gc

[Grandma Carolyn]

A lot of people were worried. Why do you think they sold their stocks and started buying gold. I know, gold is the only thing of value that is left when everything else fails.

gc

[Grandma Carolyn]

I didn't hear Cramer's remarks...I used to listen to him a great deal, but he has just become a bit too 'crazy' for me lately. I was also an early member at TheStreet.com which he started. Let that lapse too.

Having done a great many shorts, I just don't see 'terrorism' in this. If you think a stock is going down, you short it. If you think it's going up, you go long. It's just basic investment strategy, though shorts are generally a more short term play.

Short selling is traders selling what don't have.

When Cramer was asked that question about why would people short selling to the point that it would bring the markets down, he was asked if he thought these people are unpatriotic? His answer was that he thought they would be terrorist before he would think that it could be American traders being unpatriotic.

He did say that was one way that the terrorist could attack the US Market to bring it down.

We all do know that really is a goal of the terrorist to bring the Capitolist down. I never thought that such a thing could be possible, but, now I think it could be possible if when all the facts are in that this was all a result of "short selling".

There are going to be some interesting news coming out of this crisis. And, believe me, when they have to start loaning money to foreign markets to prevent a world wide crisis it is serious. More serious than any of us could know.

gc

[Grandma Carolyn]

I just heard that stocks jumped the highest since 2002. The investors like the action that has been taken.

I'm hoping this rally continues.

gc

[Grandma Carolyn]

I didn't hear Cramer's remarks...I used to listen to him a great deal, but he has just become a bit too 'crazy' for me lately. I was also an early member at TheStreet.com which he started. Let that lapse too.

Having done a great many shorts, I just don't see 'terrorism' in this. If you think a stock is going down, you short it. If you think it's going up, you go long. It's just basic investment strategy, though shorts are generally a more short term play.

I watched Crammer on Mad Money tonight and I think I am going to start agreeing with you about him.
He is nuts. He was nuts tonight.

gc