The End is Near

By: Jason Colthorp
By: Jason Colthorp

All "Mad Money" host Jim Cramer needs is a sign to wear out on the street corner.

I'm all for telling it like it is, but when you cannot predict what the stock market will do with any kind of certainty, you do not go on national television and tell everyone to take their money out now.  There is no way Jim Cramer knows what will happen, yet he was "troubled" as he told America on "Today" that the market will lose 20% of its value in the coming weeks.  On behalf of myself and everyone else with a 401(k) hanging in the balance, thanks a lot, Jimbo.  Not that the suits on Wall Street make decisions based on Mr. Mad Money's predictions, but what you're about to see can't help the futures very much.

 

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  • by Vince Dragonetti Location: Lansing on Oct 10, 2008 at 02:27 AM
    Cramer should be taken off the air. This is as bad as screaming FIRE in a movie. He adds ads gas to flame! It may be true what he says but he doesn't know that as fact ahead of time. This is irresponsible TV. As a CFP I resent him using the freedom of speech to say things that we in the business must be prudent with facts and base advice on EACH persons goals and risk level. This guy is a huckster. This money problem has been brewing for over 10 years. Those following good sense and logic are not in trouble, the sheep are.
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