Jim Cramer CNBC - recommended Bear Stearns in March !

[chimper]

Yet another classic from Cramer who has been in need of professional help for some time now.

Jim Cramer CNBC March 11 - he recommends staying in Bear Stearns.

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.”

http://www.cnbc.com/id/23575614

[The Velveteen Ocelot]

1. ...D'OH!

[lonestarnot]

2. soook he doesn't have much hair left to light on fire.

:rofl:

[MidwestTransplant]

3. He was half right. Probably didn't think the buyout price would be $2 though.

[Bozita]

6. Bullseye!

[MidwestTransplant]

8. Or Booooooyah!

[Fredda Weinberg]

9. If you buy and hold, you will be rewarded. This is a game w/winners and losers n/t

[Supersedeas]

20. wonders who saw it coming and knows that there is more to come

[DemocratInSoCal]

4. What A Fucking PIECE OF SHIT!!!

Mother Fucker probably cost lots of people money. Son Of A Bitch!

I refuse to watch his LAME show.

[chimper]

27. ROFL !

so true.

"Mother Fucker probably cost lots of people money. Son Of A Bitch!"

[Neshanic]

5. He will be on set straight-jacketed with IV Xanax drip on CNBC.

Him and that freak show Kudlow. Real pieces of work.

[chimper]

11. Is Kudlow INSANE ?

I'm being serious.

He's a NUT !

[Ichingcarpenter]

7. Someone looked at Cramer's picks over the past year

Cramer was wrong 66% of the time and right 33% of the time.

My students in my remedial math class back in 2000 had a 61% winning pick
over a 4 month period.

[Supersedeas]

26. and yet the ad and marketing $$$ continue to flow

[doc03]

10. He recommended the company I work for about a year

ago and now we are teetering on the edge of bankruptcy. I did hear him say a couple big Wall Street firms would be going down in a couple weeks and that was two or three weeks ago.

[texasleo]

12. Alan Schwartz will probably get a medal from Bush

[Supersedeas]

39. is there an incompetent that isn't rewarded by Dimson

[ProudToBeBlueInRhody]

13. I know zip about the stock market

Should I buy Bear Stearns now? I mean, it's two dollars a share.......you can't beat that price!!!!

[Asia Expat]

14. If Cramer says buy...

its time to sell.

[Supersedeas]

25. and yet he has a major cable media program with major marketing and advertising

[NNN0LHI]

15. I remember when he said Ford stock was a great buy a few years back on his show

It went from more than $30 dollars a share to $6 dollars within a few months.

At least he is consistent.

Don

[unblock]

16. and he was right! they did get taken over ... at $2/share!

:rofl:

[alcibiades_mystery]

17. The guy's a genius...

:eyes:

[stanwyck]

22. He trashed Shumer this am

on Scarborough. According to Cramer, unemployment is low, the slowdown is nothing to be concerned about - merely cyclical and will be over within 10 months, and the Democrats are being scare-mongers for political reasons. Plus, they don't really understand our free market society. Scarborough treated him like royalty. Mika made her usual feeble, kittenish protest, and I wondered once again why I had Morning Joe on instead of CSPAN.

[citizen snips]

32. He made good stock picks when he ran his hedge fund.

He claims that he now represents the middle class, but most of his stock picks are crap. If he can deliver for the rich than he can deliver for the middle class.

[formercia]

18. Lehman Bros tanking this morning.

5 times as big and down about 37% in early trading.

[Supersedeas]

19. forgetfulness

[sergeiAK]

21. Cramer's a great indicator

If he says buy, I wait 3 days and short. Makes me money ~80% of the time :P

[Elidor]

23. Here's the video

http://www.redlasso.com/ClipPlayer.aspx?id=ae47b67d-2523-4946-a2ad-aadc68176f67

What a tool. People take advice from this idiot?

[LSK]

46. what is liquidity?

[LeftHander]

24. Financial Shill....

How else can you explain it.

[Xenotime]

28. that man needs to be put in jail for the lives he just ruined.

[chimper]

29. Wouldn't it be funny if ...

Wouldn't it be funny if somebody SUES the stupid dickhead.

[chimper]

33. Cramer's reputation spreads.

just found this

what an ignorant POS cramer is

http://www.abc.net.au/worldtoday/content/2008/s2194077.htm

[chimper]

34. Cramer's reputation spreads.

just found this

what an ignorant POS cramer is

http://www.abc.net.au/worldtoday/content/2008/s2194077.htm

[chimper]

35. Cramer's reputation spreads.

just found this

http://www.abc.net.au/worldtoday/content/2008/s2194077.htm

[chimper]

36. What happened to my link I posted ?

Huh ?

[chimper]

38. wOOPS MY FAULT.

It's there, didn't see it.
Oops : (

[citizen snips]

30. I remember when he recommended all the financial stocks.

I don't have a link, but he thought most of the financial sector will have buybacks. That worked real well for him.

[El Pinko]

31. CNBC has been trying to spin this as "Cramer was right"

They're saying that he wasn't talking about stock, but rather money that was invested thru Bear Stearns - that he was right because the Fed and JPM bailed Bear out. They say he wasn't talking about the stock, because he knew that the stock was crap but that if he had told people to sell off Bear it might have caused a selloff and that that would have been unethical.

I can actually understand that point, but Cramer was anything but clear that day as to whether he was talking about the stock or investments via Bears. He should have been more clear - his vagueness leaves the impression that this was just the latest in a series of DISMAL stock picks he's made in recent months.

I've posted on this in the past, but in general, it seems that if Jim Cramer recommends you do something, it might be a very good idea to do the opposite...

[spanone]

37. if you're gonna pick your investments from a tee vee show, you deserve cramer

[DS1]

40. According to Andy Sullivan, he wasn't talk about owning Bear Stearns stock

but having money in a Bear Stearns portfolio, which is still worth just as much.

So, if Sullivan is correct, Cramer is not wrong.

[LSK]

42. Bear Stearns is an investment house, like TRowePrice

He was referring to pulling your money out that you have invested there and going to ANOTHER INVESTMENT HOUSE.

[DS1]

43. I don't NEED THE CAPS

and I don't see how his portfolio is affected. People who own shares of BS were hurt, but the money in it would be unaffected.

[LSK]

45. sorry

Just upsetting to me that 40 other posters do not know what business Bear Stearns does and fly off the handle ripping Cramer because of their own misunderstanding.

[LSK]

41. HE RECOMMENDED TO KEEP YOUR INVESTMENTS THERE

BUT HE DID NOT SAY TO BUY IT AS A STOCK OR KEEP IT AS A STOCK!!

There is a HUGE difference!!

http://www.youtube.com/watch?v=o3FVBKic5Ek&feature=related

40 POSTS AND NOBODY KNOWS WHAT HE ACTUALLY SAID!! REALLY SAD!!!

[DS1]

44. uh, that's exactly what I just got done saying

perhaps you misread me