Jim Cramer in 2006 on how the hedge funds manipulate the markets:

[TheWorldNewsOrg]

 

"What's important when you're in that hedge fund mode, is to not do anything remotely truthful. Because the truth is so against your view, that it's important to create a new view, to create a fiction." - Jim Cramer, hedge fund manager 2006

"Then you call the (Wall Street) Journal and get the bozo reporter in Research in Motion and you would feed that (rival) Palm's got a killer it's going to give away. These are all the things you must do on a day like today, and if you're not doing it, maybe you shouldn't be in the game." - Jim Cramer, hedge fund manager 2006

“It might cost me $15 million or $20 million to knock RIM down but it would be fabulous because it would beleaguer all the moron longs who are also keying on Research in Motion." - Jim Cramer, hedge fund manager 2006

https://www.reuters.com/article/cramer-interview-idUKN2036292620070320

"A lot of times when I was short at my hedge fund ... meaning I needed (a stock) down, I would create a level of activity beforehand that could drive the futures. It’s a fun game and it’s a lucrative game." - Jim Cramer, hedge fund manager 2006

"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks." - Jim Cramer, hedge fund manager 2006