I watched this with the ultimate of glee?

John is great... considering Cramer's record of 80% failed picks and pans he should look for another venue to sell his Bad advice. John should take his job he would probably do more research and exercise more common sense than CNBC.

While those who do actually read arduous and tortured financial statements and actually mathematically decode them will do just fine the day of the herd is over. The last 2 years have seen the markets awash with capital from so say educated investors, who never spent a day in a business class.

Everyone who lacks Econ 101, or supply chain management and of course Business accounting should do their portfolio a favor put it in GIC's. The truly educated investors who spent 10 years of their life in the education porocess can stay as they know how to assess "Value". Mr Cramer is not one of these.

This weeks rally is the kind of Irrational exuberance we can expect alot of, "A memo determines the value of a massive bank". This is false leads as teh banks that so say reported profits im Jan and Feb 09 got given Billions by the government. This factor can not be ignored.

At best The Us banking sector will be mediocre until the US taxpayer is paid back at worst they will languish in dollar heaven. The lense of financial ratings is very muddy nad dare I say most of the ratings agencies are not even capable of running their own companies at true profits how can Cramer much less Lehman or any of the others have credibility in this sphere. They are rating half the time based on emotional dislike. The canadian banking sector is a prime example.

US ratings agencies downgraded Canadian bank performance based on their perspective in the US and surprise our banks held up with much more real value than the US ones.

To everyone who enjoyed the Cramer Roasting in the middle of the Bull market Rally...almost poetic. Long or Short will not make much difference if the S&P in the US is at 550 by the middle of may.

Less than book value with strong consistant dividends will save some, safe haven commodoties others but CNBC should stay out of Name Boosting and report the facts. The fun stuff, I live to hear a reporter actually say X co has 1 M in the bank owns 100% of its proerty outright, rev of 300K a years and 15 years of unchanged quarterly dividends and has traded at between 25 to 30 for the last 5 years.

This is real Number and real return investment.