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Jim Cramer continues to stage the biggest flip flop in the history of CNBC. During the week of Thanksgiving, when the market was free falling, Jim Cramer was as bearish as I've ever seen him. Talking about a Lehman Brothers like situation and doomsday in Europe. When Monday hit and the Dow Jones rallied 300 points, he told viewers to sell into the rally as well as the banks such as Bank of America (BAC). Even as of mid week, after the Dow Jones rallied 900 points, Cramer was still a skeptic.
Today, with the Dow Jones higher by 1000 points from the recent lows, Cramer is actually sounding bullish. Jim Cramer is spinning an opinion that the Europe crisis might actually be over.
Bank of America (BAC) is higher by 18% since he told us to sell, The S&P 500 has rallied from 1158-1263 and now Cramer is suddenly bullish.
Can you say, Flip Flop? How is this guy still on TV?
Tags: 2011, bac, bearish, bullish, cramer, dow, flip-flop, jim, jones
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