Jim Cramer says take all of your money out of the market - WATCH this video!
Do you agree or disagree?
http://www.msnbc.msn.com/id/27045699/
Answers
192 points
seyobnats answered one year ago …
NO!!!. It's so-called financial gurus spouting crap like this that are scaring all small investors out of their wits. A scary situation is made into a full blown HEART ATTACK in progress when your have a week as we have just experienced then listen to Camer.
What you should be doing is clearing out the LAZY DOGS from your portfolios and start looking for some fast greyhounds to race when the market bottoms as it will very soon. Right now the entire market is on sale for those with the guts to take one or two more hits before the bears gasp their last..
The person to emulate is Warren Buffet! He is pickiing up a big chunk of GE at fire-sale prices. Also he bought a big chunk of Bear Stears. He is BUYING! not panic selling like Cramer would have you do. A bull market is coming because FEAR is approaching PANIC!
678 points
BoxCar answered one year ago …
Go to <www.stockcharts.com/charts/historical/djia1900.html>to see
an oscillation between 8K & 10K over next few years, but about 2012
blackouts start up because we're not prepared with nuclear power for
demise of Cheap Oil- (Renewable energy is NOT an answer, it's a band aid)
Go to <www.dieoff.com>Their "Synopsis" predicts all of this.
Cramer's concern is IF it IS the start of the 2nd Great Depression in 2007.5
(as predicted by The Solar Mortality Theory which defines modern history)
then we are in for a HUGE roller coaster ride never experienced before,
Happens every 4th generation like ClockWork since 1796- Sorry about that
3943 points
MNSL answered one year ago …
I aggree with seyobnats.
Now there are plenty of great opportunities for short term, medium term and long term investors worldwide.
There are huge potential for some sectors and companies. These sectors will benefit enormously due to lower cost in the next 02 years. Those companies who faced successfully during inflation period despite higher cost will benefit most.
In fact always there will be demand for their product irrespective of economy is doing well or not. These companies will have great run in the next 12 months and beyond through out the world.
Stocks that not going to do well in the next 05 years should sell and all outstanding stocks should keep for the long run
Only small investors are panicking now. Some global investors are gradually picking quality stocks through out the world. now
411 points
jester112358 answered one year ago …
Normally Cramer is a contrarian indicator (i.e. you should ignore him or do the opposite). He appears to have some sort of chemical imbalance in his brain making him either manic or depressive-the exactly wrong emotional behavior for an investor. However, even a stopped clock is right twice a day and this time he is likely correct. Capital preservation is more important at this point in time. Remember, the last major credit crisis in Japan based upon the real estate and banking speculation in that country in the 90s resulted in the so-called "lost decade" as equities and real estate prices have still not recovered their values to this day, nearly 20 years later. This is quite possibly what we are looking at due to on-going unwinding of the derivatives market. So, if you have a 10-20 year investing time frame perhaps holding your stocks acceptable.
MNSL doesn't understand that the reason all equities are tanking is because hedge funds and institutional investors are bailing out as they go bankrupt due to margin calls and redemptions. They need cash to settle trillions in debts in the CDS markets. This are what moves the market not small investors who control very small numbers of shares. Don't take my word for it. Look at who controls most of the float of nearly any listed stock. Its not small investors its investment banks and brokers! These are the same people who are in trouble in the credit markets. They need cash, that's why all money is flowing into US treasuries (being hoarded) which pay essentially 0% interest. Cash and hard assets like gold is king right now and into the foreseeable future. Expect hoarding of most hard assets like oil and food in the future which will result in enormous commodity inflation. You'll need your cash to gold to buy these essentials of life.
379 points
dustbusterz answered one year ago …
never trade on fear, thats what the media wants you to do. only trade on knowledge. find out if you have a position that is down(find out if that company is still looking strong financially). if so , stick with it ,ride it out. that stock will come back. if its looking weak, you maybe be advised to take the loss and get out here. do not get completely out of the market because of some fear monger.
Read more from dustbusterz
4075 points
EthanR answered one year ago …
There is always money to be made somewhere in the stock market, bull market, bear market, or sideways trend. Just find what is doing well and stay with it. It could be gold, stocks, ETF's, or shorting, but whatever it is, there is no reason to sit in cash with puny interest rates for the next five years. I like Jim Cramer, but this advice is more for people with 100% long positions in Dow stocks or mutual fund indexes than for sophisticated investors.
Read more from EthanR678 points
BoxCar answered one year ago …
Cramer correctly sees we are on the precipice of a 2nd Great Depression where the
average investor stands to lose a huge portion of his portfolio if he hasn't already.
Historically after end of every Great War a major depression occurs. Well, WWII did
not just end with defeat of Germany & Japan, it continued in the guise of Cold War.
When that ended in 1989 we contrived w/Gulf War conflicts to stave off 2nd GD
Worked for awhile, but noma's. Solar Mortality Theory predicts 2nd GD @2007.5
Did it happen? First bank failures began 2007.5 on the button, like ClockWork.
BailOuts are bandaids that will cause Dow Jones to Oscillate 8K to 11K for 4yrs.
By 2012, Cheap Oil disappears, blackouts begin and our economy goes over cliff
Knowing this, Cramer HAS to advise average investor to back out of the turmoil.
474 points
spider348 answered one year ago …
LOL - ah Cramer...
Keep in mind, Cramer's job is to market a TV show.
Personally, I watched it once and that was enough for me.
