Why We Can't Get Any Capitulation By Jim Cramer About this article: Capitulation is a strange animal. By any stretch of the imagination, we saw massive capitulation yesterday. You saw huge companies lose gigantic chunks of their capitalization. You saw sellers after sellers after sellers. But what you NEVER saw was a stoppage in trading. It was all continuous. And in many ways, that's why it is so bad. Let me explain. In the old days, when there were the kinds of sellers that could take a Conoco down 3 or a Schlumberger down 6, we might have an order imbalance where a big seller comes out, or several big sellers, and the market makers stop trading because the sellers can't find enough buyers to make the trade happen. Now we don't stop trading. We just let things get pummeled, and the shorts pile on at the same time. It used to be highly unusual for so many sellers of one security... 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.

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