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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I hope you have those precious metals in hand and not some paper cert. saying you do. I hear thats another ponzi scheme they pull. Something about gold being oversold..?!?!
THE WALL STREET PARASITES AND PIGS THAT CAN'T EARN A LIVING WITHOUT ZERO AND ONE PERCENT FED RATES ARE HISSING AND SQUEALING OVER THE fed guessers raising the rates a mere fraction next year,,,,,THESE PEOPLE ARE THE LEPERS OF THE UNIVERSE, living off widows and orphans nest eggs....big macho sissies like jim cramer et al...........
stock brokers who can be right in a bear market is rare. took me only 1 bear market to see the signs, and now I think bear markets are easier than bull markets.
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
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