What do you think the market will do when the short selling ban ends?

[XL-entLady]

Wasn't that the same Jim Cramer who, a couple weeks ago, called it a bottom, and said stocks were about to move higher?

"The trend is your friend." IMHO it will be a total gamble - worse than roulette in Las Vegas - to get into the markets again until there is a change in the trend. :notrust:

Lady

 

[mick504]

I used to listen to Jim Cramer before and lost money on stocks as he and no one else ever said to sell; always hold. Hardly ever a downgrade. The brokers all work to make money whether we do or not. For some time he has donated all winnings to charity so it doesn't matter if he makes money or not. That was my fault before! Now I listen to others and make up my own mind. He's on his own high!!!

 

[amoeba]

jim cramer is more wrong than a coin flip

Just a few tidbits from cramer from memory:

a. staying 80% in equities during this mess (he couches that by saying you should be "moving to" 20% cash; so jimmy - how's your 80% doing)

b. remember the celebrex/viox issues? according to cramer, that was the reason not to by MRK and others. Wrong on that one too, jim.

c. remember the IPO for CAB? I know it's been all over the place, but jim said to forget CAB and buy dick's. My recollection is they went in opposite directions since his call, and not to his favor.

The dude is actually a gas to listen to, but the reason he's on TV versus managing a hedge fund is obvious. He wouldn't make any money in the market.

d. Oh yeah, jim, how's your apple stock doing?

boo yeah.

 

[USGubmintGenEnginer]

You have to give credit to those who voted no. That took courage & principle. Just when we thought there wasn't any of this left inside the beltway. It makes it deliciously tempting to manufacture a crisis if every single time the public believes that there is one they can sweep in monumental changes. Monumental changes should emerge from deep thought and national consensus, not from a short-term crisis - real or manufactured.

USGGE

Just think of the momentum downward if the shorts could work on the financials today. I would have shorted MS and GS at the open. Oh well, woulda coulda shoulda, but Comradeski Pualson and Cox wouldn't let me. :nuts:

 

[Bullitt]

My answer to the question: Joe Public decides to flood into short selling funds, double short funds, and especially double short financial funds at the open because hey, obviously the market is going down when the shorting is allowed again right?

Short squeeze results, main street whines because the market isn't fair, hedge funds laugh because they've been accumulating longs on the drops.

 

[Birchtree]

You know it. It's right around the corner. I refuse to sell anything during this bottom forming process. And if I had more money I'd be buying my heart out - but for now I'm sitting tight. Perhaps I'll get a runner I can liquidate as a sacrifice to buy the dullards. But this is an excellent time to throw money down the well and hope the bottom is close. I have a few stocks that are takeovers and once those prices recover I'll jettison them for more housing related triumphs. This will be a bottom to remember - and perhaps we get a big push tomorrow.