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View Full Version : In case you think the markets are fair..


FibMaster
03-12-2009, 11:46 PM
Cramer talks about illegal activities in this video. Don't try this at home folks!

Listen to the this video. Jim Cramer being honest about how he and others manipulate the markets. Is it legal? No! Or maybe. Well kinda-sort, maybe sometimes?

Don't ever believe you have an equal chance in the markets.. It's not a level playing field.

http://www.youtube.com/watch?v=vfWSRuNm6do&feature=related

Justin
03-13-2009, 09:39 AM
Thanks for the info Neal, I had no idea...very interesting.

Regards,
Justin

Lifesong
03-17-2009, 09:03 AM
Hi Neal

What a pity the video was removed from Youtube and is it possible to highlight a few issues discussed in the video?

FibMaster
03-17-2009, 09:12 AM
Cramer was being interviewed, and he specified how he and other hedge funds would manipulate the markets.

He discussed what he and other would be doing on a day like that day, how they would spend "15 million" to make orders to push the market one way or another so that others would pile on and send the market further. Or they would fake the market in one direction to get better prices, then let it return.

He was quite specific about it, saying that actually it's not legal but it happens.

His honesty was surprising. We all know that big money manipulates the markets, but rarely do the culprits brag about it in a video recording.