Cramer's Take on Top-Searched Stocks

09/15/08 - 11:36 AM EDT

Stockpickr Staff

Updated from 7:08 a.m. EDT

Lehman Brothers(LEH Quote - Cramer on LEH - Stock Picks) shares tumbled to a nearly 14-year low on Friday. The investment bank is struggling to find a solution to the worst crisis of its 158-year history.

As Lehman Brothers' stock and bonds plunged, other financial stocks were also feeling the heat. Merrill Lynch(MER Quote - Cramer on MER - Stock Picks), one of Lehman's rivals, is also got hit.

Meanwhile, amidst hurricanes, failing banks and politics as usual, the Reuters/University of Michigan Surveys of Consumers reported that consumer confidence soared unexpectedly to an eight-month high in September. The survey indicated that recent lower fuel prices and optimism about the economy led to the biggest monthly jump in consumer confidence since January 2004.

So maybe there is some light at the end of the tunnel after all.

To read more and to find out what Cramer's been recommending, including McDermott's(MDR Quote - Cramer on MDR - Stock Picks) and KBR(KBR Quote - Cramer on KBR - Stock Picks) , please click here.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Foster Wheeler for his Action Alerts PLUS charitable trust.)

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