March 17th, 2008
This is one GREAT example how people can be misdirected by making investment decisions based on what ‘some dude on TV’ says. Here Jim Cramer said “Bear Stearns is not in trouble” “Don’t be silly”. The video was taken just a week ago on March 11th 2008 when Bear Sterns was at $62.97/share . Six days later, today Bear Stearns traded at $4.81.