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Forum Newbie
Group: Forum Members
Last Login: 3/18/2008 4:16:36 PM
Posts: 1,
Visits: 2
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I remember when the internet stocks crashed in 1999 and Jim Cramer ran a mutual fund that lost millions because he kept on buy stocks on the way down. His share holders of that run road down with him losing all money hand over fist.
Recently he recommended that people keep their money in Bear Sterns. Even if you do not follow the stock market you probably heard that Bear Sterns went from $80 a share to $2.00 recently. Now JP Morgan Chase is going to buy the company for "pennies" $2.00 a share.
Well Jim Cramer tells a caller (before the crash) of the stock to keep their money in Bear Sterns. His recent stop picks for callers over the last few weeks of this post have been losers, some more that 20%.
This guy has written book after best selling book on stock trading, has a show on MSNBC, part owner of TheStreet and RealMoney.com, and makes millions. This guy does not even need to try to make money in stocks but he sure can lose it for the people that take his advice.
Click Here to see his comments regarding Bear Sterns on You Tube and what he recommended to a caller on Mad Money Lightening Round. |
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Forum Member
Group: Forum Members
Last Login: 7/19/2008 2:13:18 PM
Posts: 41,
Visits: 51
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| On a different note, Bear Sterns fall made several analyst to accept that US economy slipping into recession is certain. Or are we already in the recession?
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