Cramer’s Call on Bear Stearns

Aug 18, 2011
J. Webster
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What with the recent stock market collapse, and the battle between Hobbes and Cramer over Bear Stearns, let’s look back at the CNBC video of Cramer’s call on Bear Stearns on Mad Money.

It’s really not clear whether he’s saying it’s OK to actually own the stock or just have money in the company. In the end he was actually right, as Bear Stearns was taken over after it fell apart. It was sold to JP Morgan Chase a paltry $10 per share. It’s a call that Cramer will probably never live down. And now, his co-worker, Simon Hobbes, has made it live again.

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