Cramer Says SELL Stocks This Week!
This morning on The Today Show, Jim Cramer said if you own stocks and will need cash from those investments within the next five years, you should sell those investments this week! Why say this on national TV? Obviously, he expects stocks to fall an additional 20% from today's level.
Keep in mind that as of Friday's close, 80% of stocks in the Russell 3,000 are down year-to-date, and a whopping 17% are down more than 50%. Jim Cramer is the host of CNBC's "Mad Money" and co-founder of TheStreet.com.
A few prior posts on stocks & the economy:
Govt. Take Over Of Fannie Mae and Freddie Mac Could Cost Billions
Stocks of Housing Giants Suffer Huge Losses
Former Fed Chief … Would Not Be Surprised If The Housind Drop Was “in double digits.”
Stock Market tumbles 146 points . . . The Perfect Bull Trap on Sub-Prime Woes
Bicoastal Housing Recession Forecast By UCSD Economist
Real Estate vs. Stocks – Which is the Better Investment?
Housing Bail-Out … Pass or Depression
Jim Cramer is the host of CNBC's "Mad Money" and co-founder of TheStreet.com. Cramer has also been a contributor to New York magazine, and an occasional contributor to Time magazine. The outspoken stock market analyst.
Just recently Jim Cramer said:"The Paulson plan is awful, it stinks and it's nasty… but it's also far better than anything else." Cramer defended the plan, which he said, needs to pass to avoid another Great Depression. San Diego home sales
Cramer Calls the Bottom in Real Estate Market
Jim Cramer is the host of CNBC's "Mad Money" and co-founder of TheStreet.com. Cramer has also been a contributor to New York magazine, and an occasional contributor to Time magazine. The outspoken stock market analyst said last week that the bottom in the housing decline will occur during the 3rd quarter of 2009.
Mr. Cramer reached his conclusion by combining a long list of signs that seem to show the market is stabilizing. These factors are an increase in sales volume brought on by falling prices, a slowdown in new home construction, combined with US government efforts to help troubled homeowners and new population growth that should spur household creation.
A few of our past popular posts concerning a housing bottom were:
Greenspan … Housing Bottom In Sight
San Diego Real Estate Market Bottom?
2% Increase In Existing Home Sales For May
Housing Slump Will Go Continue at least To 2009