Jim Cramer: Time to get out of the stock market - GoFuckYourself.com

dready · 10-07-2008, 08:49 AM

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

http://www.msnbc.msn.com/id/27045699/

Wizzo · 10-07-2008, 08:54 AM

He warned to get out IF you need the money in the next 5years.

notoldschool · 10-07-2008, 08:56 AM

lol shits hittin the fan.

pornguy · 10-07-2008, 09:01 AM

Brilliant move by yet another talking head.

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

qxm · 10-07-2008, 09:12 AM

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.....

Ethersync · 10-07-2008, 09:17 AM

Quote:

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.

Ethersync · 10-07-2008, 09:23 AM

Quote:

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! ;)

sweetcuties · 10-07-2008, 09:26 AM

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

The Heron · 10-07-2008, 09:35 AM

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.

pornguy · 10-07-2008, 09:43 AM

Quote:

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.

Mr. Cool Ice · 10-07-2008, 10:11 AM

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.

heymatty · 10-07-2008, 10:15 AM

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

Forest · 10-07-2008, 10:36 AM

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

gornyhuy · 10-07-2008, 10:39 AM

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

bronco67 · 10-07-2008, 10:39 AM

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?

zEn84 · 10-07-2008, 10:41 AM

Cramer goes short, time to go long!

Forest · 10-07-2008, 10:43 AM

Quote:

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

10-07-2008, 08:49 AM	#1
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	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

10-07-2008, 08:54 AM	#2
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	He warned to get out IF you need the money in the next 5years. __________________ Looking for Opportunity!

10-07-2008, 08:56 AM	#3
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	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

10-07-2008, 09:01 AM	#4
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	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!

10-07-2008, 09:12 AM	#5
qxm Confirmed User Join Date: Jul 2006 Location: NoHo Posts: 5,970	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

10-07-2008, 09:26 AM	#8
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	I saw that piece of shit yesterday when the show happened, fuck him __________________

10-07-2008, 09:35 AM	#9
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,488	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.

10-07-2008, 10:11 AM	#11
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	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.

10-07-2008, 10:15 AM	#12
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	Jim's Dow target for end of 2007 was 14548. He was pumping like mad last year. __________________ Cashlantis ~ Black Book Cash

10-07-2008, 10:36 AM	#13
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 9,017	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

10-07-2008, 10:39 AM	#14
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	What a guru, predicting the market will drop after it drops to a 4 year low over weeks of continual precipitous drops. __________________ icq:159548293

10-07-2008, 10:39 AM	#15
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	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?

10-07-2008, 10:41 AM	#16
zEn84 Confirmed User Join Date: May 2004 Location: BC Posts: 484	Cramer goes short, time to go long!