Cramer: I Was Being Responsible!

(NEWSER) - The stock market is no place to keep a dollar these days, warned hollering financial guru Jim Cramer today on Mad Money. Another depression is possible and energy woes are likely, he said, so the smart investor will free up money needed in the next 5 years by selling stock. Tuck that cash away in FDIC-insured banks accounts, and only keep the stocks that are still safe. 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»