cramer in a panic

Quote from snowhite:

I am taking everything out of my accounts that have close to a 36% loss from top and putting my money into cd ladders.
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Ironically, I am doing just the opposite :D
 
Screw Cramer....FUNDAMENTALLY...what's there to stop this market from going down another 50%. FUNDAMENTALLY speaking the system is shot! and has a long haul to recovery.
 
Quote from vhehn:

this might be the reason cramer is in a panic. cramerica not doing so well. his aa port really getting hit.
2008 YTD Return -28.05%
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Don't worry he will just add new money and start at 0% again, just like last time.
 
Jim Cramer: Time to get out of the stock market

Financial guru warns that investments could lose 20 percent of their value

By Michael Inbar

TODAYShow.com contributor
updated 1 hour, 37 minutes ago

Bullish investors should turn into shrinking violets as the stock market continues its shocking downward spiral, CNBC’s “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, he’s 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 world’s 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. “We’ve experienced more pain than they have, we are surprised at their pain, we didn’t know how bad off they were.”

He called the U.S. government’s $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 don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market,” Cramer told Curry. “I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”

Still, those with the assets — and the stomach — to ride out the stock market’s ups and down over a five-year period might be best served by holding their nose and holding onto their stocks.

“I think what you have to do, if you can withstand it, is just ride it out,” Cramer said.

Cramer’s gloomy scenario came from calculating individual Dow stocks and estimating how far they might yet fall, he told Curry. And companies’ third-quarter earning reports, due this week, aren’t going to be music to investors’ ears.

“I think the previous quarter, the one we’re now hearing from, was a terrible quarter — but it will look good versus the coming quarter,” Cramer warned.
 
Seeking Alpha does a recap of Cramer's show, including his stock picks. Here are a few classics:

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday, January 10, 2008.

Countrywide Financial (CFC), Bank of America (BAC), Washington Mutual (WM), Citigroup (C), Bear Stearns (BSC), Merrill Lynch (MER), KB Homes (KBH), Centex Homes (CTX), Beazer (BZH), MGIC Investment (MTG), MBIA (MBI), Blackstone (BX), Thornburg Mortgage (TMA)

Cramer would look for buys among the devastated financials and housing stocks. He is interested in the rumor that BAC may buy CFC, and predicts WaMu is a potential takeover target. While Citigroup seems like a real loser, it will profit from a Fed rate cut, and while Cramer already likes BSC, he prefers MER.

_____________

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday March 24, 2008.

EMC (EMC), IBM (IBM), Apple (AAPL), Research In Motion (RIMM), Goldman Sachs (GS), JP Morgan (JPM)

Bear Stearns’ collapse has brought a bottom to the market, Cramer said, and he thinks the worst is over. While Fannie Mae and Freddie Mac seemed to be going under a few weeks, ago, the companies are now being aided by the Treasury Department, and Cramer believes most bad loans will be reset and housing prices will stabilize. Banks will begin to start lending again, he added, and it is now safe to buy some financials, retail and tech, as well as growth stocks with solid dividends. Cramer’s current picks include EMC, IBM, AAPL, RIMM, GS and JPM.

_________________

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday, July 30.

“It smells to me like something, in fact many things,” he said, “have at last changed for the better.” “I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15.” With earnings coming in strong across the board, except in the financial sector, Cramer said the markets may finally be leaving the bears behind. He said the negativity in the market is striking. He cited an investor intelligence survey, which indicated that only 30% of investors are bullish, while 50% are bearish on the markets. "It's always darkest just before the dawn," he said.

Ride the Blackberry Bold Research in Motion (RIMM), Motorola (MOT), Apple (AAPL)

Cramer proclaimed that August will be Research In Motion month, ahead of the launch of its newest product, the Blackberry Bold. “The iPhone isn't the only way to show off to your friends,” joked Cramer, who called Research In Motion a steal at just $119 a share
 
Bounce from here.

Cramer marks the spot. :D

Cramer IS the herd.

Quote from capmac:

Jim Cramer: Time to get out of the stock market

Financial guru warns that investments could lose 20 percent of their value

By Michael Inbar

TODAYShow.com contributor
updated 1 hour, 37 minutes ago

Bullish investors should turn into shrinking violets as the stock market continues its shocking downward spiral, CNBC’s “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, he’s 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 world’s 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. “We’ve experienced more pain than they have, we are surprised at their pain, we didn’t know how bad off they were.”

He called the U.S. government’s $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 don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market,” Cramer told Curry. “I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”

Still, those with the assets — and the stomach — to ride out the stock market’s ups and down over a five-year period might be best served by holding their nose and holding onto their stocks.

“I think what you have to do, if you can withstand it, is just ride it out,” Cramer said.

Cramer’s gloomy scenario came from calculating individual Dow stocks and estimating how far they might yet fall, he told Curry. And companies’ third-quarter earning reports, due this week, aren’t going to be music to investors’ ears.

“I think the previous quarter, the one we’re now hearing from, was a terrible quarter — but it will look good versus the coming quarter,” Cramer warned.
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