Jim Cramer, host of CNBC’s “Mad Money” and dedicated yelling enthusiast is apparently no longer content to behave strangely on his own television program, so he’s taking the crazy to the Today Show.
In our latest episode, Cramer tearfully informs Ann Curry that the time has come for some of you who are dabbling in the stock market to make a hasty retreat. If you’re going to need access to your money in less than 5 years… sell! No matter what.
What Jim is trying to say, through the tears, is that if you’re planning on needing your money within 5 years — you shouldn’t be investing in individual stocks.
“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.”
Jim Cramer Begs America To Abandon Hope [Gawker]
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Jim Cramer = Mr. Market. Ben Graham fans know what I mean.
“you shouldn’t be investing in individual stocks”
Unless you have money to throw away and/or are day trader you should never invest in individual stocks!
Buy low, sell high and go long.
Huzzah for idiots that get their own TV show…No seriously wtf is this guy smoking? Having an all sell market is the LAST thing we need in this economic slump. I’m still shocked at the comment that he’s made.
nothing to see here… really. Jim Cramer has always been full of it. this is nothing new.