Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (423095)	10/6/2008 9:28:49 PM
From: bentway	Respond to of 1572398

Money expert says Cramer's stock warning 'causing' panic October 6th, 2008 @ 1:55pm by KTAR Newsroom Money manager Jim Cramer suggests people take whatever money they need for the next five years out of the stock market today instead of risk losing it. Cramer hosts the show CNBC show "Mad Money." But Tim Hanson with MotleyFool.com says people should realize that although Cramer has a history as an investor, he's more like an entertainer nowadays. "He tends to make very impetuous statements and I think even though he said he made a distinction between money taht you use in five years and money you need after five years, that the predictions were so dire, it's causing people to panic," Hanson told KTAR's Ankarlo Mornings. He said it's hard to tell what effect the government's financial rescue plan will have. He says though the bailout passed, it hasn't actually started. "So, no one has actually liquidated anything as of yet. And LIBOR, which is the London Interbank Offered Rate, that's the rate at which those banks lend to each other, actually went up over the weekend. So, people aren't still lending to each other." news.ktar.com