14 Aug 07 Jim Cramer Turns Bearish
Jim Cramer went balistic on the air last week over the impending subprime lending crisis, the video can be seen below. Cramer is usually one of the most bullish voices you’ll hear, always optimistic about the state of the economy. Suddenly that has changed, Cramer is extremely alarmed, and just wrote an article for NY Magazine explaining his reasons why, check it out. Some people, including Ben Stein, think that Cramer is being alarmist about this impending real estate bubble burst, but if Cramer is scared about this, I’d pay attention.
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