Final Segment #1:
'Rules of Engagement
Friday, November 21, 2008
 

Jim:     Right now... right now... President-elect Obama could do something that could restore stability and credibility to our stock markets, without spending a dime's worth of taxpayers' money... He could entice you back into the market, and allow companies to once again use it to finance growth. He could stop the endless, incredible pummeling of stocks, the velocity of which I have never seen before... All he has to do is announce the nomination to replace the SEC chairman, when he names the economic team on Monday...

Continued below...     

 

Market Results today:

Dow + 494

Nasdaq + 68

S&P 500:  + 47

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Wednesday, October 22, 2008
(Cont'd from above)...


Jim (cont'd):    ...and tell him to repeal everything that Chris Cox has done to favor the short sellers over you, regular hard-working people who are bent on destroying stocks, and just want to use stocks to augment your savings, retire, and help pay for school...

Now, the Street rejoiced today about the appointment of Tim Geithner as Treasury Secretary... Look, it's good and bad news. It's good that we got the position resolved. We had to get that started. But I felt bad, because he was a key architect of some of the worst things that went wrong. Again, I'm open-minded... I'm willing to see whether Geithner was simply tainted by Bernanke and Paulson's thinking... like Cramer-fave, Lincoln, I am magnanimous in defeat...

But there is no excuse for Cox's behavior, and he must be broomed immediately!...

The Bottom Line!:    You want order restored?... The markets to work again?... An end to the endless selling of fear?... Then bring back the rules we put in place to avoid another great crash. The Uptick Rule wasn't broke, but the SEC fixed it, and put the fix in for the shorts... It's time to give the longs back a level playing field, and stop the rigging of the market by the shorts, and bring capitalism, not capital destruction, back to our markets.

[verbatim recap]


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