Keep the Uptick Rule in Place By Jim Cramer About this article: You mention the uptick rule, and immediately everyone who benefits from instant trading and from impatient shorting is all over you, saying "this company collapsed because of the leverage," or that company collapsed because of the "bad loans." Of course. I know that. I suggested selling many of these bad-guy companies for months. But there's an issue here that none of these people understand, and the issue is one of confidence. The reason why the uptick rule was put in was that it was too easy to sow panic in the Great Crash, too easy to get people to sell by hitting out bids and creating what was at times an illusion of imminent bankruptcy. That's what happened to Morgan Stanley. That's what happened to Goldman Sachs. We just need to slow things down catch our breath. Now, let's deal head-on with Lehman Brothers. The issue with Lehman was... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.