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.