"Bear Stearns is not in trouble!" Jim Cramer, CNBC's bug-eyed "Mad Money" host who is to finance what Carrot Top is to comedy, shouted last Tuesday. "Don't move your money from Bear! That's just being silly." The immediate reaction to seeing his advice in the wake of Bear's collapse is: what an idiot. But really, his advice was not bad! Cramer—a famously bad prognosticator—noted that Bear would, at worst, be taken over, meaning those who had money with the firm would have their investments guaranteed by a more deep-pocketed buyer. Which is exactly what happened when JPMorgan bought Bear over the weekend. Note that he was not speaking about Bear's stock price [last Tuesday: over $60. Now: toilet paper]. What have we learned? Only Wild Jim Cramer can stop the collapse of the American economy. Click to watch the crazy savant's ill-fated harangue. [via WJNO]
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