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Mar 18 2008

Jim Cramer is an Idiot: Keep Bear Stearns

Published by NO at 7:52 pm under Finance

If you watch the news at all you’ve heard about Bear Stearns falling apart and being sold to JP Morgan for only $236 million. The BSC stock was as high as $177 dollars last year and dropped almost 90% yesterday to just over $3. Many people made a lot of money buying puts and many people lost money thanks to Jim Cramer. Here is his great advice from late last week:

 

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3 responses so far

3 Responses to “Jim Cramer is an Idiot: Keep Bear Stearns”

  1. CChangon 19 Mar 2008 at 1:13 am

    Yah that was pretty harsh.. that’s why people invest in accordance to OPPOSITE of what Jim Cramer says!

  2. 27byteson 07 May 2008 at 8:12 am

    It’s funny, when Jim Cramer started to promote gold I got a bit scared ( since I’ve invested in precious metals ).

  3. NOon 07 May 2008 at 10:02 am

    haha well u were a lucky one

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