Among usual things like the uptick rule, the leveraged ETFs that is causing huge swing after 3pm, he added this:
Big brokers call up their big clients and tell them "Hedge funds are done liquidating FWLT, you should buy it". Then FWLT moves up 10% in one trading day. Small players cannot win in this game.
Well, we kind of know how MMs manipulate the market while their big clients are buying certain stocks.
I hope Obama's team is watching Cramer. I may not like his stock picks, however, I highly appreciate his in your face statements like this one.
Here's the link to the video:
No comments:
Post a Comment