Jim Cramer's Wall Street Confidential Picks, March 29

Recap of Jim Cramer’s comments on Wall Street Confidential, Thursday March 29. Click on a stock ticker for more analysis:

Bear Stearns (BSC), Merrill Lynch (MER)

Cramer discussed the bears' foiled attempt to bring the market down through ETFs, and noted they were not able to take the market below the intraday low on Wednesday. The bears missed a valuable opportunity to prevent mark-ups on Thursday. Cramer explained that mark-ups are "highly illegal" yet "difficult to catch." Cramer would look at BSC, which is less linked to subprime lending than MER. Given that BSC is up 3 points on a Lehma Brother'supgrade, he is not concerned about BSC for now. What Cramer is concerned about is gold going down, and concerning Fed chairman Ben Bernanke's remarks, Cramer said, "People really misinterpreted Bernanke yesterday. There is no central banker in the world that's going to come in front of Congress and say they are not worried about inflation." However, Cramer doesn't feel inflation is the real issue; "The issue is poor people and the middle class and whether they can get loans," Cramer said. "The fact that there could be some liquidity coming into the brokers doesn't necessarily mean there's going to be liquidity coming into the poor people."

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