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‘Do not take your money out of Bear Stearns’

Oh dear … being a stockpicker is not easy and Jim Cramer, CNBC’s top
stock picker, backed Bear Stearns big time on his show last Tuesday, March 11th.  In fact, as can be seen at Jim Cramer’s Mad Money website, he thought Bear Stearns was a BUY this time last week.

Oh
dear … with Bear Stearns tanking from $60 a share down to $2 four
days later, Jim called a bad’un and, in this age of user generated
content where everyone can post comments on YouTube, they’re all saying
Jim Cramer should be sacked.

Oh
dear … in this age of user generated content, where half the media
comprises blogs and videos created by everyone so that everyone can
have their say, here’s the most eloquent villification of Jim Cramer,
Banks and America’s media from Don Harrold.

It’s worth the ten minutes but, more importantly, read the 600 comments after only 3 days!

About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here…

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