Jim Cramer: “Bear Stearns is Fine!” Tues, 3/11/08
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 a ahare, down from a high of 1 just over a year ago ( dealbook.blogs.nytimes.com ). This just 5 days before Bear Stearns sold to JP Morgan for a share, in a Fed brokered bailout. Reuters (03.16.08): “Bear’s stock closed on Friday at .85, valuing it at .5 billion, after tumbling 46 percent that day. Shares in the fifth largest US investment bank, which employs more than 14000 people, hit a record high of more than 1 in January 2007. …” www.forbes.com
Video Rating: 4 / 5
Bird and Fortune on the Credit Crunch.
Video Rating: 4 / 5
Can anyone make a remix where instead of this lady talking at the end, it shows Peter Schiff clips talkign against the financials? A clip of that is on the “Peter Schiff was Right” video.
@obeone21 , I know you think it is funny. that is why folks like you will die soon
@attorneydestroyusa Hahahahahahahahahahaha Your the funniest person EVER!
HHHHHHHHHHHHHHhhhhhhaaaaaaaaaaaaaaaaaaaahahahahahahahahahah!
Puts, even better
i got an A in econ class for a stock project because i invested in bear stones after Easter when it hit rock bottom and doubled my money. i can’t believe that it went all the way down to $5 a share.
wish i was short selling bear sterns then xD
never listen to anything a jew says. That is the most important stock tip you will ever get.
@ChillWillKill09 You are correct, most people reading this post have no idea what he’s talking about, so they just assume.
I don’t think he was talking about selling stock in Bear Sterns but someone that had a account with Bear Stearn and if he should move his money out of that account. Bear Sterns was taken over by JPMorgan so they guy’s money in his account was fine.
Now if you were holding stock….well you were doomed.
Actually what Cramer was saying was for the caller to NOT pull his money out of Bear Stearns the brokerage firm, ie implying the cash or securities being held by the broker were safe, and that if anything the broker would be taken over, and securities transfered to new broker. He was not making a recommendation to hold Bear Stearns the stock or company. Ofcourse some people wouldn’t know the diff.
Jim Cramer said, “More than likely it will be taken over.” And that’s what happened.
@SonofCimmeria He’s doing nothing wrong, if he’s that incompetent and people still listen to them, it’s their own fault.
It’s instances like this that make the conspiracy people not sound so crazy. I don’t know who or what to believe anymore.
Wow!!!!!!…. What did he say???????????
Erin is hot!!
Great analysis cramer!! you are brilliant!!
umm I don’t live in the U.S. and don’t know too much about the financial status of their companies so: what is Bearn Stearns? a bank? and what caused the crumble on its shares? the subprime recesion?
man i actually thought this dude knew what he was talking about lol..all his screaming and over-confidence.
@austenbosten exactly, I totally do the reverse of what Cramer says to do. I have been successful on the online stock market game that way. Too bad that is fake money that I have made in that game. oh well…
Disclaimer should read ” If you are watching my show I will gladly short your purchase in the morning after last night’s episode”….and THANK YOU SOOOOOOOOO MUCH! Cramer….
Anyone ever read the disclaimer at the end? here is a section
“Investments or strategies mentioned in this show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.”
objectives like actually making money LOL
I have an idea.. it might be crazy but w/e cramer says to do do the opposite it sounds crazy but it just might work!
wow a person was wrong…
did anyone follow on whether this Peter guy pulled out his money or took Cramer’s advice?
So Jim.. How does it feel to be a rocket scientist ?
watched it so many times and still crack up. “I know what hazard means but what’s the other word (moral)”. One of the best humour about FC
lifetime opportunity, Risk free investment program, check it out now!
edwinforex[dot]com
@tavvenbizzy07 get a hold of yourself it’s not that funny it’s mildly amusing at best
Ah, what?…I know what hazard means, what’s the other word?
LoL when asked what moral meant..too too true. Sad also because it’s true.
AWESOME VIDEO, u mind chekin mines? THANX
plz people help us, our friend has went missin, no joke, we have issued a support video, spread the word, thanx
This interview sounds a lot like some of the banking crisis episodes of Yes Minister and Yes Prime Minister.
3 words to describe these folks : genius , genius , genius …..
Hilarious !!
Bird and Fortune… Comic genius!
Scaremongering is the word that a politician would use to describe the recession. It’s just a ploy to get people to pay higher taxes. Even in some instances getting people to work for free.
WHY DID GOD MAKE YOU?
w w w.ChristianAcademic.c o m
Nice try. Keep it up check out esteembpo + com for social media markting. #lLINK#
I love these guys, the whole show was amazing and thyre so spot on with their jokes. This whole recession is deliberate.
dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp this is so scary snd ths ovr 2 5 vids in 143 mins when ur done press f6 nd ur crush’s name wll appear on the screen n big letters ths is so scary cuz it actully wrks ths really wrks
Hilarious
Specially from 3:15 about government and lies LOL
Well done Bird and Fortune for explaining credit crunch started by flawed sub-prime lending in the USA. Thanks for sharing the clips that explain lies behind crunch, and the bailout lotteries to help rich friends.
its kind of like going to las vegas , betting all you have on the roulette wheel , loosing and then getting all your money back plus some more from the tax payer
I dont know anything about tax…i dont pay any …LOL!!!
Brilliant!!!
And bushs father and the gulf war. Also the oil is running out…
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i’m going to working on.
Thomas Johnson
Very nice video !
Watch mine too, it’s interesting,
Thanks
I’d love to do that! Problem is, their not giving out loans so easily anymore!
-Finally, can we talk about moral hazard?
-About what?
-Moral hazard!
-Yes I know what hazard means, what’s the other word?
LoL, really accurate description of how people in today’s high finance thinks…..