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Jim Cramer Tells America To Get Out Of The Stock Market - 10/6/2008 1:29:45 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://consumerist.com/5059628/jim-cramer-tells-america-to-get-out-of-the-stock-market

what do you think of this guy?
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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 1:34:07 PM   
Steponme73


Posts: 552
Joined: 11/9/2007
Status: offline 		I think he is right on for now.  I pulled all  of my money out of the stock market about 2 weeks ago.  I have it in bonds and I am sitting tight.  I am not in a position to take advantage of what happened today.  An 800 point drop at one point....someone is making butt loads of money!!!!!!!!!!

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 1:47:17 PM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline 		I think this guy is very clever - his advice has proven to be correct.

Mind you, if one is going to advise people to pull out of the stock market en masse, one might expect the market to fall?

E

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 1:54:45 PM   
Suzykeu


Posts: 115
Joined: 4/17/2007
Status: offline 		While generally i agree that you shouldn't get into the stock market for short term gain, last Monday when the market tanked, my Mistress walked away with a nice profit. There's still good money to be made if you're lucky, pay attention, and keep a calm head. But again, long term investments are the best idea and never invest anything you can't afford to lose.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 1:58:09 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Cramer took some heat for saying Bear Stearns was safe this past spring.

What do they usually say, 3 years?     Stocks arent as liquid as other.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 2:05:40 PM   
corysub


Posts: 1492
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quote:

ORIGINAL: Suzykeu

....still good money to be made if you're lucky, pay attention, and keep a calm head. But again, long term investments are the best idea and never invest anything you can't afford to lose.



Couldn't hurt to put a some percentage of money to invest in Gold, even at these high levels.  If all else fails governments will probably try to reflate out of the problem.  Deflation and depression are "hard limits" for most of us.

Cramer is a pretty good guy.  You don't have to read between the lines...it's buy, sell ,or hold.  Even if he is not always right, I think he is an honest guy trying to educate people on the inside workings of the market.  Obviously, if it's money you are going to need within a few years this is not the time to have a big exposure to equities. No matter what your time horizon cash in a porfolio is valuable to take advantage of days like today when some stocks made ten year lows!   Even long term buyers have to be selective and most people should stick with some of the portfolio managers or quality mutual fund families like a T. Rowe Price, among others.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 3:48:12 PM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
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quote:

ORIGINAL: pahunkboy

http://consumerist.com/5059628/jim-cramer-tells-america-to-get-out-of-the-stock-market

what do you think of this guy?


I think he is wrong as much as he is right. LOL. He's telling people to get out now. That's like saying 3/4 of the way down the mountain, maybe we should check the brakes.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 4:27:07 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: pahunkboy

http://consumerist.com/5059628/jim-cramer-tells-america-to-get-out-of-the-stock-market

what do you think of this guy?



I think he's a loudmouth, who's stock recommendations do well 21% of the time, and he's been behind the market 7 years running.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 5:51:13 PM   
TNstepsout


Posts: 1558
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quote:

ORIGINAL: pahunkboy

Cramer took some heat for saying Bear Stearns was safe this past spring.

What do they usually say, 3 years?     Stocks arent as liquid as other.



That's not quite correct. A caller asked him if his money was safe at Bear Sterns, NOT if the stock was safe.

I love Jim. I watch him religiously every day. He called it over a year ago and no one listened. He knows his stuff.
He's not a stock picker. He makes recommendations and educates people.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 6:21:53 PM   
FatDomDaddy


Posts: 3183
Joined: 1/31/2004
Status: offline 		I think five years from now the Dow will be over 13,000.

I think that Cramer said ooi would be over $200.00 a barrel by this point and I think he also said Wachovia was not going down.

Finally I think Jim Cramer is first and formost an entertainer who says things to get you to watch him on TV and buy his books.

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 6:53:45 PM   
TNstepsout


Posts: 1558
Joined: 8/3/2005
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quote:

ORIGINAL: FatDomDaddy

I think five years from now the Dow will be over 13,000.

I think that Cramer said ooi would be over $200.00 a barrel by this point and I think he also said Wachovia was not going down.

Finally I think Jim Cramer is first and formost an entertainer who says things to get you to watch him on TV and buy his books.


Yeah, he also said gold hit $1,600 shortly before it started to tank. But he's made a lot of good calls too and, to be fair, the market in the last year has stumped ALL the experts. 

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 7:20:34 PM   
OneMoreWaste


Posts: 910
Joined: 8/24/2008
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quote:

ORIGINAL: Suzykeu
There's still good money to be made if you're lucky


There's ALWAYS good money to be made if you're lucky

I never saw the wisdom in putting money in the stock market in the first place. You own nothing, maybe you "win", maybe you lose, who knows, there's nothing *you* can do to influence it! Bah. May as well play roulette, then you get to watch the spinny colors.


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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/6/2008 8:28:27 PM   
TheUtopian


Posts: 259
Status: offline
quote:


what do you think of this guy?


I think he's on television because he's an entertainer......And more specifically, an obnoxious, bombastic one.

The Bear-Stearns flub was huge - and I think his ''fortress four'' prediction will be equally wrong. But he's most definitely correct when he speaks to those whose 401k's and various other retirement accounts are spread over the market. I'd take the twenty percent hit or see if you can roll it into silver/gold.

http://www.youtube.com/watch?v=gUkbdjetlY8

As for the market itself - Hell.....you can always make money in the niches....and if you're really all over it, you could have purchased ''puts'' on Apple eight months ago when you knew a drastic downturn in consumer spending was coming. There's always an array of oppertunities....

When Cramer is talking about '' getting out of the market '' its my feeling he's speaking to/about those---who are not of the individual investor class--- with their whole retirement funds wrapped up/spread over in the market.





- R



PS - I'd love to set up an escrow account and bet against those here on collarme who don't think gold will reach 1600. I think we'll see it before the end of the second quarter of 2009.


< Message edited by TheUtopian -- 10/6/2008 8:44:49 PM >

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RE: Jim Cramer Tells America To Get Out Of The Stock Ma... - 10/7/2008 4:55:45 AM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		This guy is a nut, he is the one who said don't sell Delta, don't sell AIG or any other of the banks, Bear- Sterns speaks for itself.

He is a flash in the pan, with his wild screaming and yelling at the camera, but when you look at his stats, he sucks.  You would do better selling when he says buy and buying when he says sell

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