March 11, Cramer told an e-mailer not to sell the beleaguered investment banks stock on his shows Web site:
Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter
Cramer says: No! No! No! Bear Stearns is not in trouble. If anything, theyre more likely to be taken over. Dont move your money from Bear.
I take Cramer with a grain of salt - but this show is fun ...
He was right.