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/

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

lol shits hittin the fan.

Brilliant move by yet another talking head.

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

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.....

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. :2 cents:

No No the answer is we muzzle anyone with bad news. Then everything will be ok! ;)

I saw that piece of shit yesterday when the show happened, fuck him :2 cents:

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.

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.

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.

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

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

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

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?

Cramer goes short, time to go long!

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