Updated from 7:08 a.m. EDT
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.
, 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
(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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