Mac77

Cramer's Now a Market Timer?

Jason

On "The Big Idea" with Donny Deutsch, Cramer stated that he called his broker on Monday. He instructed the broker to take all of his 17 year old's college money out of the market but leave the 14 old's money alone. Now you expect him to come on TV and lie to your face. Everything is fine...stay the course.
The man was simply walking his talk.

Does the word integrity mean anything anymore. Maybe the market heads higher or much lower. The question is does he tell the truth or not. He decided that he thinks it's going lower and many would like to hear an honest opinion...even if it's uncomfortable.

Are you sure this is the bottom...based on History...maybe this is a "Black Swan" theory event. Maybe we are in a secular Bear Market that started in 2000 with the dot com bust.
By the way..speaking of the dot com bust, not everybody lost money back then. I knew many who knew it was a Dutch tulip mania event, they just bought high and sold higher. You only got hurt back then if you practiced buy and hold.

Maybe people (those who don't follow markets closely) will throw in the towel and walk away from equities for years out of disgust.

Maybe as Jim Rogers has stated, we are in a multi year secular Bull market in commodities which coincides with secular Bear market for stocks. Yes commodities are selling off now but don't be surprised if they resume their march upward in the future. History shows this happening many times.

I don't like that we have to live through these events again and again, because most in our society don't take the time to read history books. However the world is what it is.

We could be entering the age of the market timer, what if YOU are wrong about the future direction of the market. It doesn't hurt to consider alternative opinions.