Comments on: Jim Cramer: Sell Your Stocks

By: Writer's Coin

Writer's Coin — Sun, 12 Oct 2008 21:34:28 +0000

Cramer isn’t as bad as his TV persona is, actually. If you read his book and a little about his history, you’ll see that. Maybe calling him a little hypocritical/sneaky is spot on, but he’s no idiot.

By: Chad @ Sentient Money

Chad @ Sentient Money — Sun, 12 Oct 2008 18:52:01 +0000

It is standard advice, that’s why it’s bad. Cramer should know better. The decision he is advocating needs to be made before you ever make your first investment with the money. If you need it soon, it shouldn’t go in the market in the first place, or you are just gambling. You don’t wait until the market goes down, and then decide you need it. Just dumb. Kind of like his bottom call this summer…missed it by a mile. This is why people talk poorly about Cramer.

It’s also impossible to come up with 3-5, or 20-30 counting the lightening round, new great stock picks every day. Which is what his show schedule requires. It’s a recipe for failure.

By: Dividend Growth Investor

Dividend Growth Investor — Sun, 12 Oct 2008 18:43:40 +0000

That’s a pretty standard piece of advice for people actually. I wonder why people talk bad stuff about Cramer, when they obviously haven’t stopped for a second what he meant with his words. But of course the investing public always wants to be told what to buy and what to sell ( always for a huge profit) without doing any thinking on its own..

By: Tim

Tim — Fri, 10 Oct 2008 10:46:46 +0000

Cramer isn’t a financial guru, he’s very clever at convincing others that he is. he’s been saying, oh don’t panic, yada yada. he’s been screaming why hasn’t the fed, sec, and treasury not listening to me, even though many of his proposals are absolutely ludicrous. he’s a finance shock jock and nothing more. if you are going to take investment advice from a 30 second blip on the cramer show, then you should pull your money out, because you haven’t done the due diligence yourself. i will give cramer credit that he does mention sometimes when he gets things wrong, which seems like a lot lately.

By: Chad @ Sentient Money

Chad @ Sentient Money — Thu, 09 Oct 2008 22:31:35 +0000

We are getting close to a bottom. You can almost smell the panic. Cramer started it on Monday and tomorrow (Friday) should see a decent sell off.

I have friends asking me if they should pull their money out. It’s too late. Pulling it out after this big drop is just foolish. It’s the classic “buy at the top, sell at the bottom.”

This market might be the best buying opportunity in the next 10 years.

By: Writer's Coin

Writer's Coin — Wed, 08 Oct 2008 18:57:54 +0000

Sorry, that should read “wouldn’t say” on the second line.

By: Writer's Coin

Writer's Coin — Tue, 07 Oct 2008 23:27:13 +0000

I think everyone is missing Lazy’s point. Jim Cramer didn’t say anything that any responsible stock adviser (or any reasonably intelligent, informed person) would say. That his comment is causing such an uproar is what’s mind boggling. It’s like if Buffett said “Spend less than you make” and it made headlines. It makes no sense.

By: Irina at mylifeandart.typepad.com

Irina at mylifeandart.typepad.com — Tue, 07 Oct 2008 03:27:47 +0000

I have to agree with Frank. If you find a place to put money somewhere else but stock market, DO IT.

Investing in businesses could work better, if you know what you doing.(study first) You can even invest your IRA money in businesses. I am still learning. Will post here when I figure it out. I really don’t like public markets and CD and savings account returns is a laugh!

By: ABCs of Investing

ABCs of Investing — Tue, 07 Oct 2008 03:21:08 +0000

Cramer also said to buy Lehman Bros.

I would think that money needed in 5 years should be mostly high interest savings account even in the good times. 5 year equity returns are all over the map.

By: Matt @ Steadfast Finances

Matt @ Steadfast Finances — Tue, 07 Oct 2008 02:17:13 +0000

Yeah wasn’t this the same guy who proclaimed Google hitting 700 earlier this year? Cramer is good showman and he makes a few good suggestions once in a while, but he’s too much of a momentum investor (my opinion) and that style of investing is dangerous unless you’re an active trader.

I’ve been short the market for a while and plan to stay that way.

By: DannaTX

DannaTX — Mon, 06 Oct 2008 22:46:22 +0000

I was watching this morning and my mouth about hit the floor. I was stunned!

By: Frank

Frank — Mon, 06 Oct 2008 19:27:37 +0000

Jim is a genius. I’ll bet he had a large short position before declaring to the world that everyone should SELL! SELL! SELL!

The public markets are rife with corruption, unless you are an insider, put your money elsewhere.

By: Erica Douglass

Erica Douglass — Mon, 06 Oct 2008 17:42:39 +0000

Well, hot damn (as my grandma used to say.) That’s as good of a bottom call as any. Has there been a fund yet that does the opposite of what Cramer says? Because I’d invest in that.

-Erica

By: Lazy Man

Lazy Man — Mon, 06 Oct 2008 16:09:21 +0000

In his defense he said that if you need the money in less than five years it’s wise to get out. It’s not like he’s saying sell everything – just have 5 years of money available to you. I think it’s quite prudent – but of course people should have probably been doing this all along. If you did, then there’s no need to sell anything today.

By: Rob

Rob — Mon, 06 Oct 2008 15:48:54 +0000

Wow. Simply wow. Nearly all stocks have taken a tremendous beating over the last year… and this “expert” says it’s time to get out. I’m almost speechless.

Troubled times are ahead, to be sure, but to issue a blanket statement like that is dangerous. Buying high and selling low is a mistake people make time and time again….. and it sure doesn’t make you rich.

Unless you just lost your job and are in dire need of cash right now today, tough it out. JMHO.