Cramer says BSC not in trouble

flytiger · Mar 17, 2008

Cnbc. Whaddya like here Jim??:eek:

ByLoSellHi · Mar 17, 2008

Cramer is CNBC's 'go-to' guy on CNBC this morning on Squawk Box.

They are asking him his opinion on what is the trade off the BSC fiasco.

Can you even farking believe CNBC?

They should roll the tape on Cramer's recent BSC call and ask him how it feels to be a knob.

But oh that CNBC, we all know they have retail investors' interests at heart, and are not really a staging platform for front runners.

Cutten · Mar 17, 2008

ROFL. This has got to be the worst call of all time! >90% loss of capital in less than a week.

Biog · Mar 17, 2008

Quote from bat1:

what a joker!

Dear Jim: Should I be worried about Bear Stearns [BSC 30.0 -27.00 (-47.37%) ] in terms of liquidity and get my money out of there? --Peter

Cramer says: âNo! No! No! Bear Stearns is not in trouble. If anything, theyâre more likely to be taken over. Donât move your money from Bear.â

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

The question is about moving money out of accounts held at Bear and Cramer's answer was in response to that quetion. Not about holding the stock of Bear Stearns BSC. Im not a Cramer fan, just calling it the way it was worded.

jhithers · Mar 17, 2008

He is right, actually. If you have an account at Bear your money is safe. The question has nothing to do with owning Bear stock

turkeyneck · Mar 17, 2008

Quote from Biog:

The question is about moving money out of accounts held at Bear and Cramer's answer was in response to that quetion. Not about holding the stock of Bear Stearns BSC. Im not a Cramer fan, just calling it the way it was worded.

How do you justify the "BSC not in trouble" part?

turkeyneck · Mar 17, 2008

Quote from Cutten:

ROFL. This has got to be the worst call of all time! >90% loss of capital in less than a week.

Can't beat his 100% loss of capital hall of fame picks:

http://web.archive.org/web/20020103063415/http://www.thestreet.com/funds/smarter/891820.html

Retired · Mar 17, 2008

Quote from jhithers:

He is right, actually. If you have an account at Bear your money is safe. The question has nothing to do with owning Bear stock

BS. FDIC has limits. If you go over the limits, you are not covered.

turkeyneck · Mar 17, 2008

Quote from Retired:

BS. FDIC has limits. If you go over the limits, you are not covered.

A typical Cramer piker will never go over the limit.

sprstpd · Mar 17, 2008

Quote from Biog:

The question is about moving money out of accounts held at Bear and Cramer's answer was in response to that quetion. Not about holding the stock of Bear Stearns BSC. Im not a Cramer fan, just calling it the way it was worded.

This is just the way he would spin it if called on it. He's always right in his mind.