[Porsche-O-Phile]

Cramer has been complaining about the SEC's elimination of the so-called "uptick rule" for a long time. Although he tends to be a sensationalist and I disagree with about 90% of what he says, I think he's 100% dead correct on this point. Elimination of that rule was very stupid and has allowed large hedge fund managers to manipulate the markets and unfairly beat down stocks in order to make obscene profits. It defeats the entire purpose of having a free market.

Anyway, I disagree with eliminating short positions (after all, I like being able to make money when things go down just as much as when they go up) but such blatant manipulation of the markets should be reined in for sure. Also, borrowing to cover short positions (leverage) should be limited. Just my $0.02, whatever that's worth these days.