Stop the Charade!

People want to trade around the clock. Cramer says the exchanges better get it together -- fast.
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These exchanges better get it together fast in these off hours, or the business is just going to go away. There was a time not too long ago that it was the rare stock that traded before hours. A

Compaq

(CPQ)

blow-up would elicit a two-way market. A hold-to-buy recommendation from a major firm would spur some trading, although in a haphazard fashion.

Join the discussion on

TSC

Message Boards.

Now, however, I just checked 15 stocks and every one of them was trading, some in major volume. None had any news. And the ones with news are trading like mad. I could move 10,000, 15,000 right on the line. That's incredible. Why don't we stop with this 9:30 a.m. bell charade already? People want to trade around the clock. Just get it organized to make it happen. Right now. We deal mostly with

Instinet

, but if people want to trade, let's make it as liquid as possible by turning on all of the machines. Let's have everything open already. Start the engines and leave them running.

The worst thing that happens? More jobs for people. Last I looked, other than in the bond market, that's a positive.

Random musings

: I responded to

Herb's

press diatribe with an olive branch in his

chat board this morning. ... Looks like

Nokia

(NOK) - Get Report

is up to yesterday's tricks again, and I am doing the same thing as yesterday. ...

Gleason

(GLE)

goes private. You are seeing a lot of that these days among boring old companies that don't need financing. ... Good scorecard, albeit hard to read, in the

TaskMaster last night. Lotta blown calls. ...

Tyco

(TYC)

news about

SEC

inquiry, is it in the stock? Is anything ever in this stock? But Tyco didn't have to tell us, so maybe the company gets extra credit for owning up. ...

Cramer's

B2B portfolio up 21% since inception last week, according to our trusty portfolio tracker (which, by the way, I love as I keep the

Red Hots and the

B2B

game on it). Keep checking those

boards, as the chatter remains high-level and no attacks on people yet -- not even me. And if you look at what people say about me on other boards you would believe I was the

Lucifer

in the

Rolling Stones'

tune

Sympathy for the Devil

. ... I haven't heard from

Matt "Incubator" Jacobs

since he went to that conference in Orlando about telecommunications. Amazing, there really is a Class 5 Switch seminar that he is eagerly looking forward to! When they get up to Class 8, I will be fully outmoded, as Class 8 is a term of art in the truck business where I used to make money. ... Incubator Jacobs seemed stunned when he peeked into a meeting we were having in

Jeff's

office yesterday. I was discussing

Texaco

(TX) - Get Report

. "Are they still a public company?"

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Nokia. Cramer's fund also may be long or short certain stocks in his B2B rotisserie league or Red Hot index. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.