Can you say, “Oops”? On March 11th Jim Cramer on CNBC’s Mad Money gave a viewer some financial advice on his investment in Bear Stearns.

“Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? –Peter

Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”

On March 11th Bear Stearns closed at $62.97 per share. JP Morgan completed its purchase of BS today for…$2 per share.

Ouch.