Did he lose his show yet?

To be fair, he was distracted by his good buddy Spitzer's unfortunate situation. Right?

Tanqueray and Tab. Keep 'em coming.

Somebody fucking muzzle this guy already. Or get him a bark collar.

By the by, Hamilton:

"Bear's stock price last Tuesday: over $60. Bear's stock price today: toilet paper."

Is genius.

I had a stern bear once. Once.

I knew there had to be a reason he was reasonably subdued on the Today Show this morning.

All my money is in Hookerfutures.

Does this guy EVER express any remorse for his loony (and usually wrong) advice?

@Sarcastro: I'm going long on Padma Lakshmi.

@meerkat: Nope. But he sure as shit loves to trumpet his "good calls".

To quote Nick Nolte's boss in "48 Hours", "Just because you say it with conviction doesn't make it true." You can find anything you need in that movie. The Indians name? Billy BEAR. He got finished, too.

Anyone sufficiently ignorant and willing enough to take advice on money matters from this Wall Street version of Jim Bakker NEEDS to lose his/her bankroll.

Meanwhile...Simon & Schuster has done really well with his books. Suitable for doorstops.

@TheHonJudgeSmails:
He's had some of those? Really?

Ahahaha!

Sweet schadenfreude! Kramer and Spitzer went to Harvard together.

Presumably they were legacies or Harvard's acceptance standards were really low that year.

If he tanks it'll ruin the resale value of my Mad Money koosh-brand BOOYAH stress reliever foam bulls on eBay. They're excellent for throwing at college interns and Maria Bartiromo sure loves to squeeze them.

What a silly guy..!

Client 10...?

Crazy Jimmy!

His stock tips are insane!!

"I know Bear Stearns. He's a friend. And... and... I just cannot believe this is happening! I mean, think of his wife! The children! They're so... so... they're just wonderful people. Bear Stearns is still my friend. I mean... um, look. People go through difficulties. Bear Stearns is a person, just like us. And he's a friend. I love him!"

Well, they weren't in trouble. Then, y'know, they fucking were. That's what happens when all your investors decide they want their money back at once.

liar liar pants on fire.
He's not the worst of them though, he's just the dude w/a show so he's an easy target to blame.
it's all the other fuckers who kept letting all of these transactions through b/c they were making money off of them, even as they were gutting the economy.

@TheHonJudgeSmails: Actually my fave brand, Charmin Ultra, is at $4.99. So less than toilet paper.

Cramer plays an indispensible role on the Street: he's the guy that pawns risk off to the know-nothing stay-at-home-dad day traders in the midwest. It took Wall Street this long to figure out that all they needed to do was shout.

i guess he meant buy puts...

But the Poetic Justice index sees record gains...

@McCheeburger: Not only that; Cramer's hedge fund managed some of Spitzer's assets. And when Spitzer was state AG, do you think he investigated Cramer's fund?

The SEC did; Spitzer didn't. Wonder why. Must be because Spitzer is One Of The Good Guys! Looking Out For The Small Investors!

OK, I'll stop now.

Now would be a perfect time for him to throw a monitor at a rep from the NY-Fed on his television show like he did to the traders at his hedge fund.

Lets face it. It's not Bear's fault. It's the Fed's fault for not opening up their discount window soon enough to brokerages, and NY-Fed's fault for making them eat JPM's offer.

Anyone taking investment advice from a shouting television loon deserves whatever they get. Last year I went out to Denver for a trade event and we were sharing the convention center with one of these "flip real estate to make millions" rolling road shows. The damn plce was packed with people who threw down over a grand for the entry ticket and the information packet. Part of the presentation was piped out into the hallway to accomodate the folks who arrived late or could not scrape up the bucks. Most of the people falling for this con job were desperate, down to their last buck, and probably had no chance in hell of making millions much less recouping their investment. One by one they shambled up to a microphone to tell why they decided to skip dialysis, or chemo, or the mortgage payment this month to attend such a valuable seminar. Afterwards they wandered about excitedly discussing their plans for spending the piles of cash that would soon be coming their way. I felt ashamed to be in their presence.

@dado:

God, I love you. 48 Hrs = Top 5 films.

@bittergreen:

Why are you blaming K-Fed for this?

Between 'Fubar' and 'Bear', it's not been a great week for ironically named institutions.

I don't see what's wrong with anything he just said in the above clip. If you're a Bear-Stearns client, and you've got significant assets under management, why in the holy fuck would you liquidate those assets NOW, in quite possibly the worst time imaginable to do so?

Ride this fucker out. Ride it. Giddyup.

Ride this fucker out? Isn't that what got Spitzer in trouble?

As for Bear, Stearns, I love how generous the Fed is with my money. I make a mistake with my money, I get bitch slapped by the invisible hand. When the rich make a mistake with their money, they get protected from the invisible hand -- with MY money. Bernanke was wrong on this one.

@donmiguel:

No offense, but this really doesn't express an understanding of the Fed or monetary policy.

Right, it's all their money.

I take my investment advice from that manic inofmercial guy who wears all those question marks on his suit. He's like a cross between the Riddler and an existential crisis, but he's damn good at getting free money from the Us government. Like last year, he got me $60,000 for attending a trade show. $100,000 for buying a lollipop from mom and pop store. $35,000 to string along a girlfriend. $6 million to open up a shop selling ice cream with hair in it.

@heroinandpeeps: LOL, that guy is awesome. Admit that you're jealous of his stylistic flair. I know I am.

@Furious George: Hell, yes. Wearing question marks after Labor Day, and he gets away with it! So suave.