One of the big financial stories happening right now is the failure of Silicon Valley Bank.

The bank was closed by California regulators, making it the 2nd largest banking failure in US history.

It’s a terrible story, and many people have lost a lot of money.

It should come as no surprise that just a month again, CNBC analyst Jim Cramer was telling viewers that Silicon Valley Bank was a stock they should be buying.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

“This company is a merchant bank with a deposit base that Wall Street has mistakenly been concerned by,” Cramer said.

It’s amazing that CNBC continues to employ Stock Crash Crammer.

The best way to use his advice is to listen to what he says and then do the direct opposite.

Or, better yet, don’t listen to him at all.