The upcoming market meltdown (presumed after the government bailouts) had me thinking back to last year when Jim Cramer said Bear Stearns was dying.
At the time – though I casually followed his investing show Mad Money – I was more amused at him flipping out on live tv rather than really paying attention to the shiat that was going down behind the scenes in the financial/housing markets.
Again, this clip is from almost a year ago. Yes, you’ve probably seen it before. If not, enjoy…
Hopefully, he shorted some Bear Stearns stock…amongst other financial companies.