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Chris

Mad Cramer Strikes Again

Mon Mar 17, 2008 12:04 pm
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Comments: 3 Views: 106

http://www.businessandmedia.org/articles/2008/20080317110946.aspx

 

But, on March 11, Cramer told an e-mailer not to sell the beleaguered investment bank’s stock on his show’s Web site:

Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter

Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”

 

 

Cramer's Wikipedia Entry 

 

 Matt Lauer and other NBC commentators and anchors frequently refer to Cramer as a 'genius' on macro-economic questions.

 

 

 



Comments
Mon Mar 17, 2008 11:58 amI think Cramer is in the wrong business because he would make a superior carnival barker. "Step right up and let me guess your weight!" *yells and bangs fist followed by stupid sound effect*

Mon Mar 17, 2008 12:25 pmI just saw Cramer respond to this story. He claims he meant the Bear accounts, and did not refer to the common stock.

Mon Mar 17, 2008 12:32 pmIn any case - Cramer's advise was anything but pragmatic given the rumors circulating Bear Sterns all last week.

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