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Cramer on BloggingStocks: The hedge funds can keep it going

TheStreet.com's Jim Cramer says if they sense they're missing out on a big move, their panic could sustain a rally.

The hedge funds don't want this rally to continue, so it may just have to continue. Sometimes it is like that.

We are going to keep the rally going because of the $193 billion in new drug money and because of the lack of equity issuance and the inability of the ProShares UltraBear Financials (NYSE: SKF) (Cramer's Take) types to succeed right now, given the banks' newfound ability to defend themselves. Plus, despite the endless "purist" defenses of a broken system that destroys good banks as well as bad ones, I detect sensibility coming from Ben Bernanke, Tim Geithner, the FASB people and the SEC. The government is trying to take back the system, not the banks, and it shows in a better tone.

Continue reading Cramer on BloggingStocks: The hedge funds can keep it going

Cramer on BloggingStocks: Geithner's silence means you have to sell

TheStreet.com's Jim Cramer says until he releases a framework for the banks, all bounces will be short-lived.

I feel better. Now I hope people selling stocks also feel better so they stop selling, so we can get higher prices, so I can sell.

There.

I think everyone agrees with me.

There.

Most important, I hope that everyone who is selling banks or shorting banks takes a bank holiday so we can get through this period.

There.

Continue reading Cramer on BloggingStocks: Geithner's silence means you have to sell

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 06:52 AM

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