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JIM CRAMER ON TODAY - TAKE YOUR MONEY OUT NOW! October 6

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Uploaded by on Oct 6, 2008

http://www.timothysykesexposed.com

Where do you put your money? Is There Any Hope? There ANYTHING you can do?

Even if the plan succeeds, I'm still not optimistic, says Jim Cramer. With the bank bailout almost sealed, the financial future is a mess.

Bullish investors should turn into shrinking violets as the stock market continues its shocking downward spiral, CNBCs Mad Money host Jim Cramer told Ann Curry on TODAY Monday.

In what Curry called a dramatic statement, Cramer emphatically urged any investor who has money they may need in the next five years tied to stocks to pull their dough out.

I thought about this all weekend, Cramer told Curry. I do not want to say these things on TV.

Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.

While the animated Cramer is known for telling investors the best prospects for earning money on the stock market, hes now saying retreat is the best position in the face of some of the worst financial news in decades. The bank lending default crisis that put financial firms around the country on the brink of collapse could bring as much as a 20 percent decrease in the stock market, Cramer predicted.

He noted that the worlds markets are nosing downward in the face of the U.S. fiscal trauma.

One thing is certain — they are, in Europe, behind us, Cramer told Curry. Weve experienced more pain than they have, we are surprised at their pain, we didnt know how bad off they were.

He called the U.S. governments $700 billion bailout plan, which includes raising the insured rate on bank deposits from $100,000 to $250,000, as a good one, assuring bank depositors: Your money is safe.

But he warned that the same may not be true for stock market investors.

I dont care where stocks have been, I care where theyre going, and ...

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  • end the fed

  • Thanks, Cramer, for helping the general panic that made the market tank. Your statements are irresponsible and dangerous.

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  • No matter what those haters say, Cramer has saved me, and should have for you had you listened, hundreds of thousands over the last 10 years. I got out of the stock market when I saw this back in 2008 and bam! 2 weeks later the DJIA and S&P500 was already down 35%. This man is a very intelligent man and if you don't have as much experience as he does, or at least hadn't made as much money in the stock market as he did, you should not call him 'merely an entertainer'.

  • I'm laughing at anyone who still taking advice from this guy. If he was that good he would be doing his show on an indenpendent out let. Not on a major news net work, in some cases the company he reports on are paing CNBC to give them a "boost" The stock market is shit a few men sell fear and their ideas thats how the market works you want to invest insomething invest in your self. Stop putting your money in a "magic place" and hope it grows Hard Work makes money and u sleep soundly at night

  • I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.

  • Well, what was the level for stocks at this time?

    Robert Lichota

  • @zLOSTNOMOREz Yep. Cramer continues to belch out irresponsible advice and his most recent comment was that the debt ceiling bill should pass but that the real problem in this country was the lack of jobs. Duh!

  • We are $54.9 Trillion in total debt people! This country is over and done with. Cash out your stocks and by gold,guns and a stock pile of food because these will be the only things that will have any real value in time to come. Think this is funny do you,think it will never happen?

    What will you think if i am proven correct?

  • @LawtonHall Still think that?

  • The Ponzi scheme Federal Reserve is mathematically shown to steal $8.4 trillion in 2010 from the people by hiding the sale of Treasury securities from Congress. It that what they call embezzlement ? Look at 3w scribd dot com, message 49040689 .

  • Now, now Nezello---what do you know about whores? Are you so ugly in appearance that you are an expert or is it just your heart that is so ugly? By the way, I checked out your profile and you are ridiculous. Your video, a/k/a "Jews in Hollywood", makes no sense and you can't spell "prominent". Also, dear, "you're" is spelled incorrectly as well. What is your country of origin?

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