Stop Trading!: Financial Terrorism?

[Purveyor]

The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism.

Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional short sellers are behind the negative action we’ve seen lately. So there is the possibility that someone else has been trying to wreak havoc in the markets rather than just profit from the problems of Goldman Sachs , Morgan Stanley and others.

Cramer, who was merely relaying what he heard, did say that, given the fact that the U.S. is in a “financial nationally emergency,” the “financial terrorism thing, to me, has to be put on the table just because the regular short sellers are not doing this.”

The Mad Money host urged the U.K.’s Financial Services Authority, which just banned short selling in financial stocks and now requires stricter disclosure from short sellers, to find out who’s on the other side of these trades.

In the U.S., though, the Securities and Exchange Commission should bring back the uptick rule, Cramer said. That rule requires a stock to tick up in price before it can be sold short.

MORE...

CNBC: http://www.cnbc.com/id/26778065

[zazen]

1. Great--I can see their ad now. It's the TERRORISTS destroying Wall Street.

It's not deregulation. It's terrorists taking advantage of our freedoms, which they hate, being terrorists 'n all.

[Purveyor]

2. Islamo-facists ones too I'll bet....

:sarcasm:

[DJ13]

3. Only if we redefine terrorists to mean the good old boys on Wall Street

I think Cramer is just making excuses for his buds being far too greedy.

[Hestia]

4. Okay, let's run with this for a second - remember Bin Laden did

say he wanted to take us down financially; short sellers have been taking advantage of the ability to short sell and have made millions; we still don't know who short sold airline stock days before 9/11. He might be on to something here - who's Bush's BFF? Bin Ladin family & Prince Bandar. Do you not think they would do something this naked, especially since world pressure on oil prices? In this strange world we've been living, nothing is really out of bounds...Cramer wants to protect Cramer, so he must be losing, and you know if you lost of a lot of money, and you had the means, you'd just like to know who the heck it is too.

[dixiegrrrrl]

5. Funny..no one made a big deal of short selling the airlines on 9-11.

Yeah,,,the terrorists knew just when to short the market this week.


Well, defining who " the terrorists" really are helps makes sense of this.