Tuesday with BSC at $62.97, Jim Cramer took a call from a viewer asking about Bear Stearns liquidity problems. This was his reply.
- Caller Question: Should I be worried about Bear Stearns in the terms of liquidity and get my money out?
. - Jim Cramer: NO! NO! NO! Bear Stearns is fine. DO NOT take your money out.
(See the video of Jim giving this advice below the BSC chart.
Currently at 11:29AM ET: BSC is $4.16, down $25.84 or 86.13%
- Date Open High Low Close Volume Adj Close*
14-Mar-08 54.24 54.79 26.85 30.00 186,885,800 30.00
13-Mar-08 57.64 58.60 50.48 57.00 70,720,800 57.00
12-Mar-08 65.50 67.82 61.35 61.58 26,803,300 61.58
11-Mar-08 68.02 68.24 55.42 62.97 54,966,600 62.97
10-Mar-08 70.28 70.59 60.26 62.30 32,465,300 62.30
07-Mar-08 68.71 73.00 68.30 70.08 8,034,400 70.08
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Not even an "Oops, I was wrong" from Cramer on Friday's Mad Money.
I respect Jim for trying to teach people about diversification, but the idea has any more of a clue what is going on with stocks than anyone else is wrong.
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