Casper Posted October 6, 2008 Report Share Posted October 6, 2008 Jim Cramer on MSNBC just said everyone should get their money out of the stock market right now. http://www.youtube.com/watch?v=r_sbBkClIZE Quote Link to comment Share on other sites More sharing options...
ForeverMaker Posted October 6, 2008 Report Share Posted October 6, 2008 I am riding it out. Considering I won't be cashing anything in for another 35 years I think I will be ok. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 Taking it out means if it shoots back up you take a loss . BUT if it goes down further atleast you have something. Blah Quote Link to comment Share on other sites More sharing options...
kenny Posted October 6, 2008 Report Share Posted October 6, 2008 I'll get right on that. Quote Link to comment Share on other sites More sharing options...
Clifford Automotive Posted October 6, 2008 Report Share Posted October 6, 2008 WTF...thats a good idea. Everyone take your money out of the market and then see what happens to the economy. As previously stated. Im riding it out. It will go back up. Quote Link to comment Share on other sites More sharing options...
kenny Posted October 6, 2008 Report Share Posted October 6, 2008 WTF...thats a good idea. Everyone take your money out of the market and then see what happens to the economy. Obviously a flawless idea. Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 If you guys ever watch Jim Cramer, you'll know that he's never wrong. The guy is fucking nuts, but brilliant. Just some food for thought. Quote Link to comment Share on other sites More sharing options...
kenny Posted October 6, 2008 Report Share Posted October 6, 2008 If he's never wrong, I'm the second coming of Christ. Quote Link to comment Share on other sites More sharing options...
zuht Posted October 6, 2008 Report Share Posted October 6, 2008 He's referring to money you will need soon (5 yrs). This kind of advise would be aimed, for example, at people very close to retirement. Conventional wisdom is that the closer you get to taking your money out of investments, the more conservative an allocation you would want (less stocks, more bonds/money market, etc) so as to have a more predictable return. Experts at the moment (he's not the only one) are just modifying the advice a bit, saying NO stocks if you're going to need that money soon. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 If you guys ever watch Jim Cramer, you'll know that he's never wrong. The guy is fucking nuts, but brilliant. Just some food for thought. Bear Sterns? Quote Link to comment Share on other sites More sharing options...
bigrob1 Posted October 6, 2008 Report Share Posted October 6, 2008 were all fucked. Quote Link to comment Share on other sites More sharing options...
Clifford Automotive Posted October 6, 2008 Report Share Posted October 6, 2008 Im going to have to say, that on this he's wrong. I dont see how this helps the situation at hand. I know what he is saying, geared toward individual managing stocks, trying to maintain their money. But a mass amount of people doing this will do nothing but make the market and economy worse. Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 Im going to have to say, that on this he's wrong. I dont see how this helps the situation at hand. I know what he is saying, geared toward individual managing stocks, trying to maintain their money. But a mass amount of people doing this will do nothing but make the market and economy worse. But if you are depending on this money within 5yrs to survive, he's saying it probably won't be there. Yes, the market will rebound eventually. People like myself who only have investments in the stock market for retirement in 30yrs give or take are fine. But people like Carie's dad who has most of his money in the stock market might want to think about pulling enough out to survive on incase the market doesn't bounce back soon. Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted October 6, 2008 Report Share Posted October 6, 2008 I'm riding it out. I'll go up sooner or later. I don't have too much in it any way. Quote Link to comment Share on other sites More sharing options...
87GT Posted October 6, 2008 Report Share Posted October 6, 2008 Stop listening to idiots like this. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 720 Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 -733 Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 -750 Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 http://www.quote.com/livecharts/livecharts.action Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 http://www.quote.com/livecharts/livecharts.action I like Google's: http://finance.google.com/finance?client=ob&q=INDEXDJX:DJI Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted October 6, 2008 Report Share Posted October 6, 2008 News helping spread panic since 9/11. Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 News helping spread panic since 9/11. I'm not panicking. I haven't sold shit, and don't plan on it. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 6, 2008 Report Share Posted October 6, 2008 I like the google one also. Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted October 6, 2008 Report Share Posted October 6, 2008 I can't wait untill we have to hunt for food. I'm hunting people, they are easy prey. Costner predicted the future in "The Postman". Quote Link to comment Share on other sites More sharing options...
Brrcats Posted October 6, 2008 Report Share Posted October 6, 2008 I can't wait untill we have to hunt for food. I'm hunting people, they are easy prey. Costner predicted the future in "The Postman". even though that movie was dogged pretty bad I still liked it. Quote Link to comment Share on other sites More sharing options...
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