Manipulating Stock Prices and Oil Prices: It's in the Air (Raymond J. Learsy at HuffPost)

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Manipulating Stock Prices and Oil Prices: It's in the Air (2 comments )

In a revealing lapse, given his turbo charged cadence, CNBC's host Jim Cramer bragged about manipulating stocks. And then Cramer, no dummy he, added that the strategy -- while illegal -- "the Security and Exchange Commission never understands this," according to the New York Post.

Coincidently just a few days before, this writer appeared on a March 14 CNBC segment "Can We Trust OPEC".

My sparring partner , Jerry Taylor, a CATO Institute senior fellow opined that OPEC was merely a grouping of oil producers who played no significant role in oil pricing, "Prices are established by global supply and demand", he went on "OPEC ...has a minority control over global supply. It influences prices, perhaps, but it certainly can't establish prices. All they can effect is how much member states produce".

Liz Claman, hosting the segment for CNBC, pointed to the trading floor pictured in full action behind her, and rightly asked, isn't this where the market price is determined?......(more)

The complete piece is at: http://www.huffingtonpost.com/raymond-j-learsy/manipulating-stock-prices_b_44022.html