Capitulation, BOOYAH | FT Alphaville

Capitulation, BOOYAH

Now we’re in trouble. Jim “Mad Money” Cramer has thrown in the towel.

The hyperactive CNBC showman has urged investors to get out of the stock market, and sharpish:

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

I don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market…I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.

You might need to see this to believe it – here’s the link to the video.