Posted by gabebristow on 14th of Oct 2009 at 09:55 pm
If you don't need twenty percent of your money in the next five
years then leave it in the stock market"................
Today show producers and Ann Curry wait for the punch
line....... wait for it...... Nope this
idiot Cramer just told our Country to sell off....
Nice. So I gave him strike one and two on that one,
then Jon Stewart goes off on the DB (Jersey Slang), and he
basically has no rebuttall. Looks like a guy that works for
Cnbc and is more interested in his own returns (not stocks but
ratings) than the people that go Booo yaah... Now
here's my point... not to mock Cramer but rather turn the boob tube
off, spend thirty to forty minutes a night and make your own
choices for the rest of your life. It's just that easy, no
but once you can commit to it and believe in it, that is truly
freedom... And freedom can happen anywhere except for some
places that don't allow it. CNBC is the enemy not
Cramer. Brissi Out
Posted by gabebristow on 14th of Oct 2009 at 10:32 pm
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"...
“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.”
Still, those
with the assets — and the stomach — to ride out the stock market’s
ups and down over a five-year period might be best served by
holding their nose and holding onto their stocks.
“I think what
you have to do, if you can withstand it, is just ride it out,”
Cramer said.
Why does Cramer think you should get out now? Because the market
could decline 20% from here. That's possibly the worst
justification for selling medium-term holdings we've ever heard.
(The market could ALWAYS decline 20% from here. And it's already
down 35% from the peak.)
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I remember seeing it and saying WTF on the today show
Cramer
Posted by gabebristow on 14th of Oct 2009 at 09:55 pm
If you don't need twenty percent of your money in the next five years then leave it in the stock market"................ Today show producers and Ann Curry wait for the punch line....... wait for it...... Nope this idiot Cramer just told our Country to sell off.... Nice. So I gave him strike one and two on that one, then Jon Stewart goes off on the DB (Jersey Slang), and he basically has no rebuttall. Looks like a guy that works for Cnbc and is more interested in his own returns (not stocks but ratings) than the people that go Booo yaah... Now here's my point... not to mock Cramer but rather turn the boob tube off, spend thirty to forty minutes a night and make your own choices for the rest of your life. It's just that easy, no but once you can commit to it and believe in it, that is truly freedom... And freedom can happen anywhere except for some places that don't allow it. CNBC is the enemy not Cramer. Brissi Out
here it is verbatum in Oct 08 ( ( misquoted but this still tells somthing)
Posted by gabebristow on 14th of Oct 2009 at 10:32 pm
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"...
“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.”
Still, those with the assets — and the stomach — to ride out the stock market’s ups and down over a five-year period might be best served by holding their nose and holding onto their stocks.
“I think what you have to do, if you can withstand it, is just ride it out,” Cramer said.
Why does Cramer think you should get out now? Because the market could decline 20% from here. That's possibly the worst justification for selling medium-term holdings we've ever heard. (The market could ALWAYS decline 20% from here. And it's already down 35% from the peak.)