10.06.2008

Jim Cramer: Sell Everything!

Jim Crammer in his usual over-the-top style said on the Today Show for the small investor to panic now and avoid the rush. In other words, sell everything! While he was speaking with Ann Curry, Cramer said, "Whatever 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."

Is Cramer yelling fire? I don't know. At one point, the Dow was down more than 800 points. Although the stock market rallied during the final 90 minutes of the trading day, the Dow finished down about 370 points at 9,955.50, which is the lowest point since 2004.

MSNBC

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