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The infamous Jim Cramer says Bear Stearns is "fine" 6 days before collapse.

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PM Martin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:47 PM
Original message
The infamous Jim Cramer says Bear Stearns is "fine" 6 days before collapse.
http://www.youtube.com/watch?v=gUkbdjetlY8
This Jim Cramer is getting much attention these days.
Just another shyster from Wall Street.
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Kittycat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:51 PM
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1. He'sprobably just freaking out, because he took his own advice
And is now broke like much of the country is right now.
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:51 PM
Response to Original message
2. Cramer needs one of those whirly-copter hats
What a rabid lunatic.
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grantcart Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:53 PM
Response to Original message
3. gee can't anybody take a joke Ha Ha
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:56 PM
Response to Original message
4. Famous last words
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 12:11 AM
Response to Original message
5. That comment is out of context
It's been refuted.
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JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 12:19 AM
Response to Reply #5
6. Where? nt
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paulsby Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 12:38 AM
Response to Original message
7. jim cramer
is the financial rush limbaugh. he is an "entertainer" first and foremost... although unlike rush, he is a democrat.

which is kind of sad.

anyway, i trade futures and stocks. i look at the screen every day. i never pay attention to cramer cause he is just selling entertainment.
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 12:38 PM
Response to Reply #7
8. Watch Cramer to do the opposite
Didn't Cramer say Citi Group was sound?
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ozu Donating Member (203 posts) Send PM | Profile | Ignore Wed Mar-04-09 12:44 PM
Response to Reply #8
9. Funny, but it's true.
"That seems to be what smart traders have done, from the evidence of options-market activity examined by a finance professor, who found that betting against Mad Money's Buy recommendations can yield 25% in a month."

http://online.barrons.com/article/SB123397107399659271.html?mod=googlenews_barrons
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paulsby Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 04:31 PM
Response to Reply #9
11. yes
we call it the "cramer fade"

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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 12:47 PM
Response to Original message
10. This the guy on msnbc by any chance
yep thats him. Where did they come up with him anyway?
As you said, just another shyster from Wall Street
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