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AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Fri Sep 19, 2008 9:57 am

The ban on short sale of financial stocks is puzzling. I think this will only artificially pump up their prices until Oct 2 when the ban is supposed to be lifted. What are your thoughts?
"Think of how stupid the average person is, and realize half of them are stupider than that." ~George Carlin
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby StlSluggers » Fri Sep 19, 2008 10:52 am

I never bought anything, and the couple I was watching were all over the board.

:-[
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Mugrila » Fri Sep 19, 2008 11:54 am

Yoda wrote:The ban on short sale of financial stocks is puzzling. I think this will only artificially pump up their prices until Oct 2 when the ban is supposed to be lifted. What are your thoughts?


The whole thing is a mess. Short selling obviously had a substantial impact putting downward pressure on the stocks, but I don't know that a 2 week outright ban on it will do anything positive. I guess we won't know for sure what impact any of the government actions will have for several months.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Simulacrum » Fri Sep 19, 2008 2:22 pm

Image

Bwah ha ha :-D
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Fri Sep 19, 2008 2:25 pm

Mugrila wrote:
Yoda wrote:The ban on short sale of financial stocks is puzzling. I think this will only artificially pump up their prices until Oct 2 when the ban is supposed to be lifted. What are your thoughts?


The whole thing is a mess. Short selling obviously had a substantial impact putting downward pressure on the stocks, but I don't know that a 2 week outright ban on it will do anything positive. I guess we won't know for sure what impact any of the government actions will have for several months.


All it is doing is temporarily stopping the bleeding. They need to just let the system flush this out. Companies like WAMU and GS and Wachovia or whoever else deserve the same fate as Lehman if they made bad decisions.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Mugrila » Fri Sep 19, 2008 3:39 pm

Yoda wrote:
Mugrila wrote:
Yoda wrote:The ban on short sale of financial stocks is puzzling. I think this will only artificially pump up their prices until Oct 2 when the ban is supposed to be lifted. What are your thoughts?


The whole thing is a mess. Short selling obviously had a substantial impact putting downward pressure on the stocks, but I don't know that a 2 week outright ban on it will do anything positive. I guess we won't know for sure what impact any of the government actions will have for several months.


All it is doing is temporarily stopping the bleeding. They need to just let the system flush this out. Companies like WAMU and GS and Wachovia or whoever else deserve the same fate as Lehman if they made bad decisions.


I agree, either everybody comes out now and gets it out of the way, and the economy can rebuild, or we can drag this whole debacle out longer.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Fri Sep 19, 2008 3:49 pm

Seriously though, as soon as they lift the short sale ban, wouldn't everyone (those that would have been shorting right now) be selling at that point and cause even more havoc?
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Mugrila » Fri Sep 19, 2008 5:18 pm

I think the idea is that in two weeks there will be more information regarding the government bailout plan, less confusion, and therefore less panic.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Fri Sep 19, 2008 5:25 pm

I did sell off all my positions today to take some profits. I may buy back on Monday.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby KCollins1304 » Fri Sep 19, 2008 6:05 pm

Simulacrum wrote:Image

Bwah ha ha :-D


Man, no one else loves this? At least he didn't the whole fleshlight. :-D
Image
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