Jim Cramer says "Sell!"
 

Did anyone see his last show? I caught some clips this morning. He says if you need the money in the next 5 years to sell even if you are going to take a big hit in the stock market. He predicts another 20% drop.

Jim Cramer normally just pisses me off. This time is no different.

Fire! Fire! Fire!

Yeah and in typical Jim Cramer fashion, he would yell fire after the house was burned to the ground.

I see him on the street all the time.. Man, the guy is stressed!

so, what that really means is "buy, buy, buy"

First time I've ever heard him say that. Normally if you've seen one of his shows you've seen them all:

1. "There's a bull market somewhere"
2. "Buy, buy, buy!" (everything)
3. "Don't buy & hold" (huh?)
4. "They should bring back the uptick rule" (this one I agree with)
5. "They know NOTHING!" (this one I also agree with)

Our own 'Rug Doctor' thinks the world is about to end ...and now Cramer is tumbling down the stairs too? Pushed??

He has to cover his butt to some extent. I didn't hear his comments but I can't fault him to some degree if he TRULY feels another 20% could be shaved off. If you had some major expense upcoming soon and HAD to be sure the money was there, sure, pull the trigger now.

The world is not ending. No doubt, we will be going through some rough times in the coming months. There are however good companies out there, that will come through this and prosper. If their stocks decline during this period, it just represents a buying opportunity.

Now go find them!

He must be short.

+-1

I think he's 5'6 :)

Down 533 right now....

Ugly day - wish I was in more of a cash position - oh well - guess I'll be working for another 10 years.

Kurt,

I agree with Steve If you have cash – buy (depending on a lot of other factors).
I also saw Jim Cramer on Today (or was it MSNBC/CNBC?).
That kind of recommendation is like yelling ‘fire’ is a theater. What an idiot.

I’m in negotiation to buy a neighbor house for cash (I need a ‘hobby shop’). It is hard to look a ‘gift horse in the mouth’ these days.

Best,
Grady

I agree. The majority who watch his show are marginally educated about the market and will follow his advice to the "T" like lemmings.

He should have schooled them on finding the deals in a falling market, not panic selling.

That must mean you're long, Chris. :D

I just bought a bit this morning, some deals out there ;)

Image how he was when he was running his hedge fund

Looks like Jim Cramer was right! Love him, I know this was old thread but.......

I think people have been selling since the election results were easy to predict...wish I'd joined them. At this point, the equity side of my portfolio is so far down that it could go to zero and it wouldn't make much difference.

Such is the life of assuming risk...

He says, "if you need the money in the next 5 years to sell even if you are going to take a big hit in the stock market. He predicts another 20% drop."

So far he was only partially correct we still have 5 years to see positive returns to proove him wrong. Which is probably a more important measure of his knowledge than him being correct on the 50 - 50 guess on the next 20% move in a market that was trending down heavily.

He was a major Bull at the top, and I am sure he'll be on the bear wagon at the bottom. As far as I have seen he is no better than anyone else. Even a blind man can hit a bulls-eye if he throws enough darts. Cramer throws A LOT of darts and focus's on when he hits the target.

Glad to see this old thread resurrected. In October, it was pretty apparent that things would still be going down hill. Hell even I could see the writing on the wall by that time.