Cramer - Cash Is King
Oct.06, 2008 in
Uncategorized
Jim Cramer told viewers of CNBC’s “Mad Money” Show Monday that cash is king and they should sell at least 20% of their portfolios and move their money into safe, FDIC insured savings accounts. He advised viewers to make sure they have enough cash on hand for things like buying a home, paying for college, buying a car or helping parents retire. Cramer told viewers that they shouldn’t rely on the markets to be there for them. He said until the possibility of another Great Depression os off the table, cash will be king. He says the market could see the October 2003 lows of Dow 7,700. Join the fastest growing community of small cap investors at Stockhideout.com



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