»»»»»»»» Jim Cramer Today Show Video October 6, 2008 – Watch Jim Cramer on the Today Show…
»»»»»»»» Jim Cramer Today Show Video October 6, 2008 – Watch Jim Cramer on the Today Show…
Jim Cramer was on the Today Show today — Monday, October, 6, 2008 — talking about the economy, the $700 billion bailout being sniffed off by European investors, the stock market.
“Whatever money you may need for the next five years, please take it out of the stock market,” Jim Cramer said amazingly on the Today Show.
Is this why the stock market dropped below 10,000 today?
“I thought about this all weekend…I believe we may have as much as a 20% decline in the stock market,” Jim Cramer explained — saying that he didn’t want to say this stuff on TV.
Watch Jim Cramer on the Today Show video from Monday, October 6, 2008, telling people to pull their money out of the stock market that they need in the next five years:
Wow!
That’s something else. Just when Suze Orman advised us to keep investing, because with the dollar-cost averaging and putting limited amounts of money into the stock market at a time, with our money buying more shares since the stock prices are lower — this Jim Cramer advice to pull out the money we need in the next 5 years out of stocks is something else to hear.
But I like Jim Cramer.
I like Suze Orman.
I’m still trying to figure out if I need to close my National City account — which InTrade.com predicts at a 94% rate that it will fail.
And I’m still gonna fund my TD Ameritrade account. And open a savings account at Chase Bank, where my checking account already is.
October 11th, 2008 at 10:59 am
Dear Today show and Jim Cramer,
Thanks for freaking out the average investor during the last two weeks. I hope you have Jim on soon to let everyone know that it is time to buy the 5 years of retirement income back into the stock market. Your session with Jim will go down as one of the biggest busts in T.V. history. Jim, have fun losing your job as a T.V. personality. Since when are you an economist and a stock market guru? You can analyze individual companies, I give you that. Blanket statements like you gave on the Today show would put me in jail. Glad you really don’t have any clients buddy. Have fun on permanent vacation.