CNBC's Jim Cramer screams that "Bear Stearns is fine!" and "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don't move your money from Bear! That's just silly! Don't be silly!" to investors ...
CNBC's Jim Cramer screams that "Bear Stearns is fine!" and "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don't move your money from Bear! That's just silly! Don't be silly!" to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago ( http://dealbook.blogs.nytimes.com/200... ). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout.
Reuters (03.16.08): "Bear's stock closed on Friday at $30.85, valuing it at $3.5 billion, after tumbling 46 percent that day. Shares in the fifth largest U.S. investment bank, which employs more than 14,000 people, hit a record high of more than $171 in January 2007. ..." http://www.forbes.com/reuters/feeds/r...
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For doing this show, Jim Kramer should be in prison. It should be illegal for these idiots to go on television and lie or mislead the american people.
that poor guy Peter! I hope he sold and got his money out. But he may have been one of the ones that took cramers advice. And then ended up killing themself. It would be an extreme to call cramer a murder, but a scumbag who should be in jail is accurate
The only people dumber than cramer are people like yourself who listen to cramer and take tips from him. No retail investor, and I mean none, has any place investing in stocks of any financial company. Even 90% of stocks traded are way beyond what the average joe can comprehend. There are way too many moving parts in these banks. The ceo's dont even know whats going on inside of them. The stock market is a casino. You should know that already.
I don't take any advice from this idiot. A friend of mine told me to watch this vid. I only invest in precious metals and anything i can use to survival. Anything else is stupid. Hang on to your worthless paper dollars and paper stock certs. They won't be worth anything when the cards tumble down
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Obi Wan Kenobi himself once said "Who is the greater fool? The fool or the fool who follows him?".