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Cramer is nuts...

he is one of those poor americans who think that the Feds care about and are are trying to fix the economy.
 
Originally posted by: andy04
he is one of those poor americans who think that the Feds care about and are are trying to fix the economy.
Click to expand...

Once you see that the Fed is sabatoging everything by pretty much doing the opposite of what common sense would call for, you realize there are a lot of investment opportunities in the downfall of our economy.

 
Originally posted by: brxndxn
Originally posted by: andy04
he is one of those poor americans who think that the Feds care about and are are trying to fix the economy.
Click to expand...

Once you see that the Fed is sabatoging everything by pretty much doing the opposite of what common sense would call for, you realize there are a lot of investment opportunities in the downfall of our economy.
Click to expand...

What does "common sense" tell you? To let the whole world collapse because it's too hard to fix our own problems?
 
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
 
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

His statement was taken out of context.

He said if you need the money in the next 5 years, and aren't willing to lose it, get out ... it's too risky.

Of course, if you get out now, you've already lost a ton of bucks.
 
Originally posted by: Blieb
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

His statement was taken out of context.

He said if you need the money in the next 5 years, and aren't willing to lose it, get out ... it's too risky.

Of course, if you get out now, you've already lost a ton of bucks.
Click to expand...

Was his statement to buy Bear Stearns also taken out of context?
 
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

That's right...hear a snip of what someone said and pass judgement. Nice work.

What he said is: If you need your money in the next five years (retirement, etc), PULL OUT NOW---and I fully agree with this. Put your money into a savings, Roth IRA, or some other safe investment. Otherwise you will be seriously hurt.
 
Originally posted by: Fritzo
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

That's right...hear a snip of what someone said and pass judgement. Nice work.

What he said is: If you need your money in the next five years (retirement, etc), PULL OUT NOW---and I fully agree with this. Put your money into a savings, Roth IRA, or some other safe investment. Otherwise you will be seriously hurt.
Click to expand...

If you don't need your money in the next 5 years, you have the potential to make some serious $$
 
Originally posted by: Fritzo
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

That's right...hear a snip of what someone said and pass judgement. Nice work.

What he said is: If you need your money in the next five years (retirement, etc), PULL OUT NOW---and I fully agree with this. Put your money into a savings, Roth IRA, or some other safe investment. Otherwise you will be seriously hurt.
Click to expand...

I heard the whole thing and still think his advice is crap. The damage is done, people are wiped out. And if you needed it in 5 years it should have been in bonds or cash anyways. All taking what is left of your investments completely out of the market will do is send it spiraling down even more.

btw a Roth IRA is nothing but an investment in the market. They were slammed just like everybody else. I know, mine is hurting right now.
 
Originally posted by: Fritzo
Originally posted by: Genx87
I heard this guy was telling people to take their money out of the market? What a dipshit, create a sense of panic, that always helps the markets.
Click to expand...

That's right...hear a snip of what someone said and pass judgement. Nice work.

What he said is: If you need your money in the next five years (retirement, etc), PULL OUT NOW---and I fully agree with this. Put your money into a savings, Roth IRA, or some other safe investment. Otherwise you will be seriously hurt.
Click to expand...

A Roth IRA is not inherently safe. If you have a Roth IRA, you can invest it in something safe such as a money market account, but you could also invest it in emerging markets, which is definitely NOT safe. I believe the FDIC is now offering insurance for money market funds after one of them broke the buck a couple weeks ago. The investment institution must explicitly purchase this protection, however.
 
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