6
Oct
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?