Jim Cramer: Time to get out of the stock market

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  • dready
    Confirmed User
    • Oct 2002
    • 5247

    #1

    Jim Cramer: Time to get out of the stock market

    Financial guru warns that investments could lose 20 percent of their value

    http://www.msnbc.msn.com/id/27045699/
    ICQ: 91139591
  • Wizzo
    2011 GFY Hall of Fame!
    • Nov 2000
    • 15224

    #2
    He warned to get out IF you need the money in the next 5years.
    Looking for Opportunity!

    Comment

    • notoldschool
      Confirmed User
      • Aug 2007
      • 5687

      #3
      lol shits hittin the fan.
      No doubt one may quote history to support any cause, as the devil quotes scripture.
      -- Learned Hand

      http://www.bjpenn.com

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      • pornguy
        Too lazy to set a custom title
        • Mar 2003
        • 62910

        #4
        Brilliant move by yet another talking head.

        The more doom and gloom that these idiots preach, the worse things will get.
        PornGuy skype me pornguy_epic

        AmateurDough The Hottes Shemales online!
        TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

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        • qxm
          Confirmed User
          • Jul 2006
          • 5970

          #5
          well.......... he does have a point by saying that things are certainly going to the shitters right now but since markets are influenced by news media it is risky to say things like that. However, the guy is there to help investors make money so if he says otherwise then it would defeat the purpose of his "mad money" show and the whole image hes created about himself as a financial adviser/investor.....

          ICQ: 266990876

          Comment

          • Ethersync
            Confirmed User
            • Mar 2008
            • 5289

            #6
            Originally posted by pornguy
            Brilliant move by yet another talking head.

            The more doom and gloom that these idiots preach, the worse things will get.
            So they should lie to people and say everything is OK? Isn't this what everyone was doing (politicians, talking heads, etc)? Did that do anything, but make things worse?

            Maybe some people may like sugarcoated fairy tales, but I would rather people be honest with me so I can make an informed decision.
            The best ePassporte replacement I have found: OKPAY

            Comment

            • Ethersync
              Confirmed User
              • Mar 2008
              • 5289

              #7
              Originally posted by qxm
              well.......... he does have a point by saying that things are certainly going to the shitters right now but since markets are influenced by news media it is risky to say things like that. However, the guy is there to help investors make money so if he says otherwise then it would defeat the purpose of his "mad money" show and the whole image hes created about himself as a financial adviser/investor.....
              No No the answer is we muzzle anyone with bad news. Then everything will be ok! ;)
              The best ePassporte replacement I have found: OKPAY

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              • sweetcuties
                Confirmed User
                • Feb 2002
                • 5859

                #8
                I saw that piece of shit yesterday when the show happened, fuck him

                Comment

                • The Heron
                  Confirmed User
                  • Apr 2001
                  • 4496

                  #9
                  You can't blame the guy for saying what he thinks and unlike most talking heads this dude really does know the stock market so I'm inclined to at least give his opinions some thought.
                  What he said makes perfect sense too.

                  Comment

                  • pornguy
                    Too lazy to set a custom title
                    • Mar 2003
                    • 62910

                    #10
                    Originally posted by Ethersync
                    So they should lie to people and say everything is OK? Isn't this what everyone was doing (politicians, talking heads, etc)? Did that do anything, but make things worse?

                    Maybe some people may like sugarcoated fairy tales, but I would rather people be honest with me so I can make an informed decision.
                    No we dont lie to them. but DONT give them ideas that they may not have already had themselves.

                    Dont talk about running to the banks and withdrawing cash, DONT talk about selling all yours stocks.

                    People see the market fall. They KNOW that it is falling because people are selling, But unless Some IDIOT comes on TV and starts screaming that " You better pull out all your stocks now " then the majority of the people will let it ride a little longer, and a little longer.

                    As long as the RUSH to pull out is avoided, then things have a chance to change and go back up.
                    PornGuy skype me pornguy_epic

                    AmateurDough The Hottes Shemales online!
                    TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

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                    • Mr. Cool Ice
                      Confirmed User
                      • Aug 2006
                      • 1289

                      #11
                      I've used his picks over the past 2 years and he's made me an easy 200k. I listen to what he says and pretty much so far he has been on the money.

                      I got out right before all of this tanked. Had some SOLID advice from some great people. Now I'm laughing at everyone who said this would never happen.
                      NUR COOL UND GEIL

                      Comment

                      • heymatty
                        Confirmed User
                        • Oct 2001
                        • 2188

                        #12
                        Jim's Dow target for end of 2007 was 14548. He was pumping like mad last year.

                        Cashlantis ~ Black Book Cash

                        Comment

                        • Forest
                          Confirmed User
                          • Aug 2001
                          • 9135

                          #13
                          if your going to quote the guy atleast quote him correctly

                          ?Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.?

                          im buying for long term holds right now. lots of good cheap stocks right now

                          Comment

                          • gornyhuy
                            Chafed.
                            • May 2002
                            • 18041

                            #14
                            What a guru, predicting the market will drop after it drops to a 4 year low over weeks of continual precipitous drops.

                            icq:159548293

                            Comment

                            • bronco67
                              Too lazy to set a custom title
                              • Dec 2006
                              • 29026

                              #15
                              So, my 401k should be left alone? I'm in some very non-risky long term mutual funds.

                              I've thought about taking it out and getting physical gold. Who would say that's a good idea?

                              Comment

                              • zEn84
                                Confirmed User
                                • May 2004
                                • 484

                                #16
                                Cramer goes short, time to go long!

                                Comment

                                • Forest
                                  Confirmed User
                                  • Aug 2001
                                  • 9135

                                  #17
                                  Originally posted by bronco67
                                  So, my 401k should be left alone? I'm in some very non-risky long term mutual funds.

                                  I've thought about taking it out and getting physical gold. Who would say that's a good idea?
                                  IMHO that would be crazy

                                  gold is wayyyyyyyy more volatile and you risk losing everything

                                  most stocks will come back over time and as its a retirement account u dont need it right now

                                  if you want to own gold buy a gold etf like the syder etf GLD

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