The short version

Jim Cramer predicted on March 11, 2008: “Bear Stearns is fine! Do not take your money out. ... Bear Stearns is not in trouble.” Verdict: Missed it. Cramer told a viewer on March 11, 2008 that Bear Stearns was fine. Five days later JPMorgan acquired Bear for $2/share in a Fed-backed fire sale. Iconic bad call.

Prediction by

Jim Cramer

On March 11, 2008

“Bear Stearns is fine! Do not take your money out. ... Bear Stearns is not in trouble.”

Follow-up

Cramer told a viewer on March 11, 2008 that Bear Stearns was fine. Five days later JPMorgan acquired Bear for $2/share in a Fed-backed fire sale. Iconic bad call.

From the High Caliber AI network — see the AI for PR module in the course.