Cramer Yesterday

An excellent session on Mad Money about how broker recommendations are done, and in the case at hand, were both wrong (one a buy, by Merrill Lynch, and one a sell, by Bear Stearns) on the same pharma stock (I forget which). Both missed the point, Cramer points out, although he agrees that pharmas are a buy now because he feels the fed has screwed up by not doing more now to lower interest rates and we are now heading for a recession. And pharmas are excellent stocks to own going into a recession.