Jim Cramer's Real Money Radio Recap, Sept. 1

by: Miriam Metzinger

Recap of Jim Cramer's radio show on .Friday Sept 1. Click on a stock ticker for more analysis:

Friday's show was a re-broadcast of a Real Money Radio program which first aired on August 25.

"When You're Hot, You're Not" - Cramer answered callers' questions and cautioned against cockiness, admitting to hard falls after periods of overconfidence. "I need you to recognize when you're hot, you're not," Cramer said, "Otherwise, people will get hurt." On the other hand, Cramer warns investors not to be too conservative and to stay out of bonds until they are in their 50s. Instead, Cramer recommends Treasuries.

Listener's Questions: The Fed, Conference Calls and Buy and Hold: - Every investor needs to keep an eye on the Fed, says Cramer, since it determines whether the market is "slowing or roaring." When looking at a conference call, Cramer suggests reading the question and answer session first before perusing management's opening statements, and to pay attention to how much the company believes in itself, what factors affect the business, and how the company is doing compared to the previous year or quarter. The buy-and-hold strategy for investing might have worked in the past, but today, "businesses are fluid," and it is best to get out of a stock that is not doing well. "Buy-and-hold does not include sell, and that's wrong," Cramer said. "It's a recipe to lose money."

More Questions: Buying and the Media - Cramer recommends patience when buying stocks, warns that purchases should never be made just of the sake of getting into the market, and that a stock should be picked up gradually. When asked how the media affects the market, Cramer commented that there is a very strong influence in the short term. He suggests that investors pay attention to media outlets that actually move the market, such as The Wall Street Journal, Barron's, The Financial Times, Bloomberg and CNN.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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