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Jim Cramer: Should I Take my Money out of the Stock Market Now?
Jim Cramers Warning To Take Your Money Out of The Stock Market Right Now
Latest breaking news today: CNBC'S Jim Cramer of Mad Money issued a shocking statement on the Today show : Take your money out of the Stock Market right now this week!. You could see Today's host anchorwoman was visibly shaken at the bold statement issued by Jim Cramer on prime time television.
Cramer went onto say that you should take enough money out of the stock market that you would need for the next five years- and that he anticipates a future 20% drop in stocks. That means that the average person holding stocks will lose considerable money, and he is trying to stop people from getting hurt . You could also see that he was visibly upset to be giving out this information on TV, and said that he had struggled with saying this all weekend.
A Short Bio on Jim Cramer From Mad Money
JIM CRAMER"Mad Money w/ Jim Cramer" Jim Cramer believes that there is always a bull market somewhere, and he wants to help you find it. Cramer is host of CNBC's "Mad Money" (M-F: 6 p.m., 11 p.m. ET), featuring lively guest interviews, viewer calls and, most importantly, the unmatched, fiery opinions of Cramer himself. He serves as the viewer's personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to help them make money .
Cramer is a former hedge fund manager and founder/owner and Senior Partner of Cramer Berkowitz. Jim compounded rate of return of 24% after all fees for 15 years at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with one of the best records in the business, including having a plus 36% year in 2000.
(Bio taken from :http://www.cnbc.com/id/15838187/)
Bailout Plan Needs Bailing Out?
Obviously the 700 Billion Dollar Bailout Bill Plan is not going to be some magical cure for our ailing economy.The stock market and the economy seem to be in cardiac arrest and teetering now on the edge of an abyss-
Can we recover? This bold statement by Cramer today seems to be a call to action. I personally don't have any money in the stock market anymore to worry about - but if I did I'd be taking this very very seriously. If the economy takes a fatal nosedive average Americans holding stocks could get struck with big losses- whereas pulling the money now could perhaps tide them over for a few years.
Alarmist? I don't think so. Right on Target? I believe so. Jim Cramer has issued a vital warning about taking your money out of the stock market now- the ball is in your hands.
I wish you the best.