Jim Cramer (Kind Of) Owns Up To His "Bear Stearns Is Fine" Comments

Watch Cramer's show (circus) and listen to the sound effects- that should tell you something important right there!

Who the hell would believe Cramer anyway. He reminds me of a carny pitchman sellling Vegimatics.

I don't play the market, but I thought his program was oddly amusing.But after seeing him weep over Eliot Spitzer a couple of weeks ago, I will watch his show only for the 1.2 seconds it takes me to click past it.
If I did invest, his style of overwrought hype and shoot-from-the-hip prognostication, would be the last resource I would use for advice.

$170.00 FOR STOCK 1 DAY AND $37.00 FOR STOCK 2 DAYS LATER??????

This can only mean they had been in trouble for 5 or 6 months.

This does not happen over night it is long term rotten decision making!

Cramer's comments and predictions are a STRONG indication as to WHY he supports Hillary. Cramer feels Hillary's economic plans are ON TARGET.

This country will certainly regress WITH expertise of Cramer and his candidate. Scary !!!!!

After reviewing the video, it does appear he was talking about keeping your money in Bear Sterns the bank (still safe), as opposed to Bear Sterns the corporation (sorry stockholders), which is how most people would interpret talk of keeping money in a bank.

No one who invests in the market and knows the show would have interpreted his comments as you have. No one who used Bear Sterns for trading or investing has lost any money due to the Bear Sterns acquisition. Most who bought the stock did lose money, however he did not recommend the s Stock for purchase as was negative on the stock for months.

Think about it folks...If Cramer is such an investment guru, then why isn't he still a hedge fund manager ?

Unreal....Some place in America, some poor SOB took this clowns advice...now he spins . Maybe he's part of the Bush family?

See, now we should feel save and supportive of letting Corporate America turn our Social Security into another pool of play money for them. They are so smart and do such a great job of investing it, why all that money the younger Americas would be wasted in SSI. Give it to those wonderful people who brought you the collapse of 29, and ever single on since. Corporate America knows how to take your money away. Thats for sure!!! They can even make you feel good while they do it.
It doesnt really matter anymore though. I think the powers that be have figured out that getting their fingers on whats left of SSI , or future contributions isnt going to be as easy as they hoped. So its full court press on Ronnie Reagans Economical Train Wreck for America strategy. Drive the whole country into the economical train wreck, force all no corporate social programs to their death, and create a country of people in debt to their necks, with no way to have that debt forgiven (thank Bush Bankruptcy reform for that) so they will be willing to work for pennies just to keep from losing what little they have. And the fat corporate elite will get fatter and fatter. Isnt Neo Con republican ideology the greatest !!!

Wow, Kramer helped cover for the sinking of the BS ERON?
Of course he would. Corporations pay goons like him to spread the false words to increase stock prices and sales. How else could they steal so much money from the small investors. They sure dont steel from their own.

A shill--pure and simple

Can any of the financial experts here give an accurate assessment of the value of Bear Stearns paper assets?

Or, what about the value of their headquarters, a billion and change?

And have you noticed it is not really a done deal yet, though JP Morgan Chase thinks they already own the place ...

You call that "owning up"? More like spinning at light speed...

Jim Cramer is almost as entertaining as Larry the Cable Guy.

You may as well take financial advice from Cosmo Cramer.

What a bunch of spin. Cramer is corporate clown mirroring the lies of those on Wall Street.

The fact is that I have received some fairly solid advice through Cramer, but only as a start. i then do my own research.
nobody should take anubody 's opinion without doing your own homework. Cramer emphasizes this.
I've been wrong before , too. Cramer admits this as well. So does Buffet. So does Lynch.

I take Cramer at his word that he was misconstrued, however , since his show is centyered around stocks, he should have clarified his words at the time.

Cramer should be selling snake oil. Mmm, I guess he is.

Cramer sounds like Alberto Gonzalez.

Cramer, like all but a few at Bear Stearns, knew little how bad the situation was there. There were rumors indeed, but nothing on paper that could be relied on. You also have the issue of causing a run on the Bear Stearns and other stocks of similary positioned companies and perhaps Cramer, like others were fearful of starting a panic if they discussed the rumors.

Huh?

Anybody that listens to the pollyannas on CNBC got what they deserve ...

CNBC is corrupt to its core, all snakeoil salesmen and women. Joe Kernan is a complete troglidite who manages to embarass everyone everyday with is ass-backward thinking and ass-kissing crony capitalism repertoire. Erin Burnett and Mark Haines are a shoddy knockoff of Stiller and Meara. And Bartiromo and Cabrera need to cover the arbitrage between their ears.