"(¯`·.¸Craig Chilton¸.·´¯) -- NO FACTS Sup****t the RRR Cult's Loathsome
Agendas!" wrote:
>
> Jim Cramer:
> Time to get out of the stock market
>
> Financial guru warns that investments could
> lose 20 percent of their value
>
> By Michael Inbar
> TODAYShow.com contributor
> updated 8:16 a.m. CT, Mon., Oct. 6, 2008
>
> Bullish investors should turn into shrinking violets as the stock
> market continues its shocking downward spiral, CNBC's "Mad Money"
> host Jim Cramer told Ann Curry on TODAY Monday.
>
> In what Curry called a "dramatic statement," Cramer emphatically
> urged any investor who has money they may need in the next five
> years tied to stocks to pull their dough out.
>
> "I thought about this all weekend," Cramer told Curry. "I do not
> want to say these things on TV.
>
> "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."
>
> While the animated Cramer is known for telling investors the best
> prospects for earning money on the stock market, he's now saying
> retreat is the best position in the face of some of the worst financial
> news in decades. The bank lending default crisis that put financial
> firms around the country on the brink of collapse could bring "as much
> as a 20 percent decrease in the stock market," Cramer predicted.
>
> He noted that the world's markets are nosing downward in the face
> of the U.S. fiscal trauma.
>
> "One thing is certain — they are, in Europe, behind us," Cramer
> told Curry. "We've experienced more pain than they have, we are
> surprised at their pain, we didn't know how bad off they were."
>
> He called the U.S. government's $700 billion bailout plan, which
> includes raising the insured rate on bank deposits from $100,000 to
> $250,000, as a "good one," assuring bank depositors: "Your money
> is safe."
>
> But he warned that the same may not be true for stock market
> investors. "I don't care where stocks have been, I care where
> they're going, and I don't want people to get hurt in the market,"
> Cramer told Curry. "I'm worried about unemployment, I'm worried
> about purchases that you may need. I can't have you at risk in the
> stock market."
>
> -- (¯`·.¸Craig Chilton¸.·´¯)
>
> xanadu222@[EMAIL PROTECTED]
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Jim Cramer is an asshole that is fanning the flames, and earning
advertising money for his employers.
JAM
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