from Zero Hedge
“No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.” – Jim Cramer on CNBC’s “Mad Money” on March 11, 2008.
Three days later, on March 14, Bear Stearns stock plunged 92% after it was taken “under” by JP Morgan.
Today Cramer has made the claim on CNBC that “a lot of the bear markets have ended since February 10.” According to Cramer, apparel, restaurants, iron ore and machinery groups are now in bull markets. “C’mon in retail stock trading minnows, the water is nice and warm.”