Sell Those Stocks! Banks Are Better: Cramer

Mad guru maintains that money is safer out of Wall Street

(NEWSER) - Jim Cramer returned to NBC's Today Show to dismiss viewer attacks that he yelled "fire in a crowded building" by advising they pull out of Wall Street any money they need in the short term. "What happens if there is one raging?" he retorted. The "innate optimist," who maintains that the "stock market is a good place," adds that he is "not so arrogant" to think he caused yesterday's plunge. More»

(NEWSER) - Jim Cramer is once again on the defensive, as Jon Stewart seemingly can’t stop finding damning Mad Money clips, Gawker reports. Appearing on this morning's Today show, Cramer was subjected to a CNBC snippet that ran on the Daily Show last night, from January 2008, where the host literally asked his audience to buy Bear Stearns stocks. “Did I make a mistake?” he asks. More»

'It’s just a bear trying to do a show in this environment,' Mad Money host says

(NEWSER) - Jim Cramer was long Wall Street’s most reliable cheerleader, psyching up investors on his high-octane CNBC show. He’s insisted several times this year that the worst was over—only to tell viewers this month to forsake stocks entirely. “It is harder to get it right than any time I have seen in my career,” he tells New York Times media columnist David Carr. More»

Insurer has shot up 97% in 2010

(NEWSER) - Don’t look now, but financial crisis punchline AIG has had a monster year on the market, with its stock soaring 97% to $58.93. Of that, 42% was gained in December alone. That makes the insurer the fourth-best performer on the S&P 500 this year, and puts the government in a position to make a profit when it sells off its 92% stake, the Wall Street Journal reports. More»

Investors are not sold on financial recovery, it seems

(NEWSER) - Americans love the stock market—that is, they used to love the stock market. But shaken by the financial crisis, investors withdrew $33.12 billion dollars from domestic stock market mutual funds in the first seven months of this year, finds the New York Times . Instead, they're putting their money in options deemed safer, like bonds. “This is very unusual,” one economist says. More»