Tuesday, March 20, 2007

Jim Cramer's Thumoeidetic Fuck-Up

(embed via jossip)

Plato introduced us to the dangers of Thumos, or, hyperagressiveness (for further reference see: the floor of the New York Stock exchange), which, while necessary to corpore sano compos mentis as well as a healthy society, can be dangerous if left unchecked. Jim Cramer is Thumos unhinged, unregulated, or, in Plato's words, "like a wild beast about to spring" (336b, Plato's Republic). Boo-Ya!! From those intrepid Page Sixxies:

"In the video from TheStreet.com's 'Wall Street Confidential' Webcast, Cramer boasts about manipulating the price of a high-flying stock down, and even acknowledges that doing so might have been illegal. The video is making the rounds on YouTube.

"'A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game,' Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task.

"Cramer later said that 'no one else in the world would ever admit that, but I don't care.'"

Nice. Also noteworthy (FishbowlNY)


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