Investing With the Enemy? By Jim Cramer About this article: Is the New York Stock Exchange the enemy of your investments? When I read the transcript of an excellent Bloomberg interview with Larry Leibowitz, the head of the U.S. Technology area at the NYSE, about the uptick rule, I can't help but wonder whether the Exchange is going to be your enemy in this fight to re-level the playing field. First, Leibowitz describes how the exchange must be sure to continue to have shorting to provide liquidity, something the rule if reenacted can hamper. Huh? We had plenty of liquidity with the rule. Total canard, as we know from 70 years of trading with the rule. Plus, contributor Eric Oberg has shown how fatuous this reasoning can be when the unchecked short-sellers overwhelm the market and therefore provide no liquidity at all. In fact they provide the opposite: a vacuum of liquidity, something Leibowitz has to... 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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