Kirk Lindstrom

Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star

"Cramer thinks a bottom will come only when a bank rallies, causing customers to panic and withdraw money."

I believe he said we won't have a market bottom until AFTER a bank FAILS where customers panic and want their money out and the bank has to shut its doors. I took it as Cramer was very, very bearish and scaring people by talking about bank failures, especially in this day and age when we have FDIC.

Jim Cramer's Mad Money In-Depth, 3/10/08: Radio Killed the Radio Star

I think you translated this wrong:

"Cramer thinks a bottom will come only when a bank rallies, causing customers to panic and withdraw money."

I believe he said we won't have a market bottom until AFTER a bank FAILS where customers panic and want their money out and the bank has to shut its doors. I took it as Cramer was very, very bearish.