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Jim Cramer: Time to get out of the stock market - Flashback Cramer Likes this market - June, 2008 [video]



-- Posted Monday, 6 October 2008 | Digg This ArticleDigg It! | Source: GoldSeek.com

MSNBC: "Financial ’guru’ warns that investments could lose 20 percent of their value"

Please note: GoldSeek.com does not endorse Jim Cramer as a financial guru.

“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.”

Flashback: CNBC’s Financial ’guru’ Bullish on the Markets

June 2008 

 

 

Video’s Author: Jim Cramer screams: "Bear Stearns is fine!" and  "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don’t move your money from Bear! That’s just silly! Don’t be silly!" to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago ( http://dealbook.blogs.nytimes.com/200... ). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout.

Flashback: CNBC’s Financial ’guru’ Bullish on Stocks - "You should be buying things, accept they are overvalued. This is how you make money!"

February, 2008 

Comments from the video’s author: Maybe, just maybe, the single coolest thing I’ve ever seen on CNBC. Rick Santelli heard just about enough of Jim’s lies today (Tuesday, January 22, 2008). So, he called ol’ Jimbo out. What a glorious moment! The first time a CNBC-ite challenged their King. (No disrepect to you, Mr. Santelli, but Jim Cramer was crowned, King Shill the First in 2005.) The really neat thing is this: Although Jim got all huffy and tough sounding, and said how "bearish" he had been (you’ll see what I mean), I added some cute video clips that show that Rick Santelli was right: Jim was pounding people into stocks all last year. And, I do mean ALL. Enjoy!


-- Posted Monday, 6 October 2008 | Digg This Article | Source: GoldSeek.com




 



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