Monday, March 17, 2008

Does Jim Cramer Shit In The Woods?

Via uggabugga, Jim Cramer on Bear Stearns last Tuesday, March 11, 2008:

READER MAIL: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?

CRAMER: No! No! No! Bear Stearns is fine. Do not take your money out. If there's one take away (other than this up 400 [day]) ... Bear Stearns is not in trouble. If anything they're more likely to be taken over. Don't move your money from Bear. That's just being silly! Don't be silly!

Said the Carrot Top of investotainment.

Update (3/18): I'm striking the last paragraph in light of some of the comments. Kudlow's the confirmed cokehead -- and he was chief economist for Bear Stearns back in the day. Is there a long white trail between Kudblow's drug abuse and the fall of Stearns? I doubt it.

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