Chronicles Of Depression 2.0: #314: Uh-Oh
Jim Cramer has apparently revisited his late-July “market bottom” call. On the Today Show this morning, the superguru told investors to sell everything (video below). One of our hedge-fund friends describes this as the “Munchian scream moment.”
“I thought about this all weekend,” Cramer told Curry. “I do not want to say these things on TV…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”…
Emphasis added by me.