Jim Goldstein

I'm really surprised at this advice. Does he actually think that the stock market is only going to go down for the next five years? That's the only reason I can think of for getting everything out now. Or am I missing something? - Kenton via Posty

He has a point...if you NEED the money within the next 3-5 years, then you probably shouldn't have it in the market right now...then again you probably shouldn't have put the money in the market in the first place if that was your time horizon for needing it. - Alex "Maverick" Scoble

I agree with you Anthony but he's right about this. If you'll need the money, it's better to take the loss now because i believe it's likely to get far worse from here. - ·[▪_▪]·

Seriously, now? Buy high, sell low? - Mike Reynolds

Kenton, hate saying it, but yes, you're missing something. Stroll through my feed if you want a lot more of my personal thoughts on the matter. Also, Alex puts it well, above. And @Mike: on time frames that short, it's either sell low or sell lower. - Anthony Citrano

If you need this advice from Cramer you shouldn't have been in the market to begin with. Full disclosure: I know I don't belong in the market, it's a rich man's game. - Jason Wehmhoener

i wonder if a sizable portion of his followers are around retirement age. if yes, this might be pretty good advice. if most of his viewers are <50 this could be some poor advice. - MikeAmundsen

amend by last comment. expense for your kids' college years might also be an issue. - MikeAmundsen

Alex I think you're dead on. Too many people think that you can get rich quick in the markets even if you have no clue about what you are doing. I think it also goes hand-in-hand with Jason's comments. - Kenton via Posty

The point was a need for those assets in the short term. If you're in the market for any period beyond the next 5-10 years you'd be crazy to cash out now. - Kevin Cearns

Invest in stocks for the long term (5+ years), and have cash on hand for short term - you could look on this as the oft recommended "emergency fund" of 3 - 6 months' cash. Makes sense to me. - Jason Kaneshiro

If you need the money within 5 years, it SHOULD NOT have been in stocks in the first place. Cramer's advice comes a bit belated. - Morton Fox

@Morton - yeah, but most people don't know that, sorta like with real estate. I can't tell you how many sheeple asked me why I wasn't buying real estate from 2003-2007... they simply couldn't understand. "they're not making any more real estate," they'd say. - Anthony Citrano

I'm not necessarily arguing against this particular piece of advice, but keep in mind that "Jim Cramer's accuracy in forecasting overall stock market behavior is just below average" (http://www.cxoadvisory.com/gur...) - Alan Cheslow

@Anthony - yep, long term trend is real estate barely keeps up with inflation. The past ten years were an anomaly. I think we're seeing the stock market changing as well, from the sure thing of the 90s to the long, horizontal slide of the 70s. - Jason Kaneshiro

He is crazy, how he could say something like it? Panic selling is not the best moment to sell IMHO - Luca Conti

Luca, like I said, he's a tool; but he *is* right - who is keeping money in the market if they need it short-term? Only idiots. - Anthony Citrano

You are right Anthony, but five years is not short terms in financial terms and I think that in this time all the market will recover this crisis - Luca Conti

The only cool thing about Cramer is he admits when he's wrong, which unfortunately seems to be the case a lot lately. I respect the guy and his past performance but you know what they say about past performance.... :) - Charlie Anzman

Luca - at this point, we will need a 50-60% rise in global markets to simply *break even*. You think we'll see that in the near term? I hope you're right, but as most of you know, I doubt it. - Anthony Citrano

Hmmm... I just looked at the history of the DOW. From 1935 to 1985 it went up fairly consistently about 5.2% per year. If it had continued that trend from 1985 until now, it would be around 4268. Does this mean the market has been overvalued for the last 23 years? - Alan Cheslow

the more i look at this the more irresponsible his comments seem. the media & uninformed bloggers have already made people panicky. this isn't helping. - Faboo Mama

@Alan. That's the theory. Starts with Michael Milken's junk bonds that financed leveraged buyouts out of thin air. Continues with prices paid even today for tech companies that have no hope of ever making a profit. - Mark VandenBerg

Faboo: a Harvard Economist is who keyed me into how bad the economy is. Everything I see in the Economist and Wall Street Journal backs him up. Where are YOU getting your optimism? Please provide sources. That seems to be irresponsible too if you can't provide sources that the economy is going to be just fine. Who? President Bush? Rrrrriiiigggghhhhttttt. - Robert Scoble

History shows the economy will be fine. This gloom and doom nonsense is really starting to sound like talking points. - Spencer Scott

I think people are missing the point... maybe you've HAD your money in stocks for a while and were planning on using the returns on the investment in the next few years... if that's the case he's suggesting you should get out while you have the chance. No one would be stupid enough to put money in and expect to have it grow in the short term at this point, I think. But if you're in it for the long term in a few months might be a good time to buy. - Lindsay Donaghe

Spencer: yeah, history always evens things out. If all hell breaks loose I'll just go sit on the beach in Half Moon Bay with a bottle of wine. :-) - Robert Scoble

it's all about horizons, people. near-term, things will stink (several years out). long term, it will sort out fine. imho, we've been running on fumes for *decades* (Reagan era) debt continued to rise w/ very little behind it. we don't produce *squat* anymore. commercial paper was the only thing keeping us going day-to-day. now that's flopped. this w/ hurt, but it will pass. - MikeAmundsen

cramer is a moron - Ryan

+1 Ryan - Jim Goldstein

@Faboo just be careful not to lump people together. There are informed media/bloggers and uninformed media/bloggers. Check track records, etc. - Anthony Citrano

keeping funds you may need within the next five years in cash has always been what you should do. 5 years is just not a long enough horizon to put it at risk. i stopped watching CNBC when i realized that it was as valuable to me as a financial professional as MTV. I listen to Bloomberg radio via their website during the day instead. - Mark Foundos

@Mark - exactly (and what I kept saying, too: short term dough shouldn't have been there in the first place.) - Anthony Citrano

Cramer has called 14 bottoms before this, don't believe this guy his performance sucks. - adolfo foronda

Liked so I can read the article later... - Cheryl Jones

Fukuyama is always an interesting read. - Kevin D. White

I don't pay attention to author names... oops. :\ - Mona N.

These 'headlines for profit' sometimes bug me. I don't read a few prominent tech news websites because of them. I realize it draws traffic but does it have to go this far? - Charlie Anzman

Fukuyama, wasn't that the guy who said history had ended? - Peter

Go this far? Hmmm why would you say that, Charlie? - Mona N.

As a Canadian I'd just like to say that the U.S. brand was badly damaged long before this financial meltdown. The wars GWB has started have had a far bigger negative impact. Unfortunately for the rest of us, the financial meltdown will have a much bigger impact on our lives. - Kenton via Posty

People, please read the article before commenting. Thank you. Kenton: Agreed. "Along with some of Wall Street's most storied firms, a certain vision of capitalism has collapsed. How we restore faith in our brand." - Mona N.

Thanks for sharing this article. - Bob

A minute amount of Governmentium can cause a reaction that would normally take less than a second to take from four days to four years to complete. Governmentium has a normal half-life of 2-6 years; it does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places. In fact, Governmentium's mass will actually increase over time, since each reorganization will cause more morons to become neutrons, forming isodopes. This characteristic of moron promotion leads some scientists to believe that Governmentium is formed whenever morons reach a critical concentration. This hypothetical quantity is referred to as critical morass. - ChangeForge | Ken Stewart

When catalyzed with money, Governmentium becomes Administratium, an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many morons. - ChangeForge | Ken Stewart

awww., my 10th grade history teacher loved this joke. - Faboo Mama

An oldie, but always a goodie! - ChangeForge | Ken Stewart

Brought a little tear to my eye... - Mark VandenBerg

Like it. - Kol Tregaskes

Where do taxpayer moneyons come into this? - Morton Fox

Real pic or photoshop? is there any way to take a photo like this? - Arash

Looks more like time-lapse. And i'd love it if we could stop calling it Tilt-Shift and just go with something like Miniature-Simulation. Actual Tilt-Shift is almost never used now. It's just focus/blur editing effects. - ·[▪_▪]·

It is using a tilt-shift lens though. The creator of these time lapse videos mentions it in one of the video's comments. http://vimeo.com/keithloutit - Rodfather

Great job i like that - Arash

Thing is, it's not really time-lapse either. It's video taken from a HD camcorder using a 35mm adapter. That makes it even more awesome. - Rodfather

Yea, it's cool and very well done but definitely not stop-motion nor time-lapse. Just normal, sped-up video. - ·[▪_▪]·

As much as I flinch at medical stuff, I find super weird diseases and conditions to be infinitely fascinating. I've been following this case for a long time. My utmost curiosity right now is Morgellon's. - Akiva Moskovitz

EW!!!! - Mona N.

I wonder if this poor gentleman's condition is the source of author Drew Karpyshyn idea for orbalisks (http://starwars.wikia.com/wiki...)? </geek moment>. Either way this is pretty fascinating/tragic. - Joe Lassiter

The term Homeland is disturbing. - Christopher Welle

Yeah, posted about this earlier n the week. They went active October 1st in Fort Jackson GA. - Stupid Blogger (aka Tina)

Christopher, I still cringe when I hear it. - £ogical €xtremes

Where is the "Don't Like" button? - Keith Pelczarski

Bush doesn't think Posse Comitatus pertains to him - Alan Cheslow

I wonder if the extra troops are to "protect" the country since we're in a vulnerable state? - Susan Beebe

first meeting takes place on oct. 14th. ha - Cee Bee

Susan, the troops are there to protect the Government. Thats it. - Christopher Welle

mmmm - Susan Beebe

troops at home? It's a slide along the gradient to a police state - Shawn Hildebrandt

Here is a What if: What if the bush administration saw the economic crash coming. Did nothing to fix it, but decided to bring in troops to protect "whatever" for just in case. Now that they are here what if something else happens, is the first instinct of the administration to release the troops on the citizens? - Christopher Welle

One more step towards a dictatorship... - scott willeke

Was it also bad when Eisenhower deployed the 101st Airborne to protect the Little Rock 9 in 1957? - Gabe

Hmm, while not particularly into extreme conspiracy theories, this is one step necessary prior to declaring martial law (well, technically - and apparently previously - the first step AFTER declaring martial law). October Surprise, anyone? - JodyC

As anyone who has worn the uniform is aware this is an issue related to Posse Comitatus. Something in the rushed tons of homeland security legislation no doubt provides for an exception to the Act. http://bit.ly/2sslbc - Dave Martin

Wow, I think I've figured it out... Some of the current administration's biggest troubles seem related to anything Latin-sounding... trias politica, posse comitatus, habeus corpus. There's definitely a pattern here. - £ogical €xtremes

All the pieces are being assembled to create a permanent neoconservative dictatorship and police state. The neocons have been systematically defining all their political opponents as "terrorists" and "traitors." Homeland = fascist fatherland. That's the clear intonation. - Sean McBride

Break out the tinfoil hats. - Brian Newman

Seven Days in May - Kevin Johnson

Logical, don't forget reductio ad absurdum ;-) - Karim

As a former Marine, I have seen an increasing trend over the past decades to use the military as the world's police force. I'm not sure that has been a wonderful strategy, but I see some validity there. This is a little concerning, however. I must say, the Bush administration's perpetual use of fear to push its agenda has really drained me - and what's worse is we continue to hand off our freedoms to others in favor of letting them make our decisions. I'm not a real fan of socialism... - ChangeForge | Ken Stewart

Ken, this is hardly socialism. Dictatorship comes much closer to the mark. - JodyC

We need to take back the constitution. Join the fight at http://CampaignForLiberty.com - Alan Cheslow

People, I swore an oath to obey the orders of the Officers appointed above me and I know orders are given from the top (government) all the way down... but to say that the administration is going to "release the troops on the citizens"...don't you think that's a little crazy? We live here, have a home here and willingly joined the U.S. Military to protect our country and the people who live in it. Do you really think we're going to turn around and attack ourselves from within? Come on! I'm not going to publicly support and defend anything my superiors have done or said in the past, but I would like to believe we're not that stupid. - David Cook

The paranoia among some groups is scary. - Glen Campbell

David Cook -- in my estimation, some factions within the neoconservative movement are in fact stupid enough, and fanatical enough, to try to use the American military to attack American citizens within the United States of America. They have been telegraphing their intentions loudly for years. - Sean McBride

"Do you really think we're going to turn around and attack ourselves from within?" When your commanding officer puts a gun to your head and says do it or die, will you choose death over saving the life of your fellow American in front of you? History has proven in a majority of cases you and others will choose to live another day and go home to your family. - Adam Turetzky

No, the army won't attack innocent civilians but they will attack those who they are told are "terrorists", "insurgents", and "rioters" -- and guess who gets to define the meanings of those words? - Alan Cheslow

@David - didn't you also swear an oath to "support and defend the Constitution of the United States against all enemies, foreign and domestic"? And yet many people have reasonably argued that Bush is a domestic enemy of the Constitution. But rather than arrest him, the military continues to follow him. So why shouldn't we believe that the military would continue to follow him when he orders them to move against American citizens that he considers to be "terrorists"? - Alan Cheslow

Violent Radicalization and Homegrown Terrorism Prevention Act of 2007 - http://en.wikipedia.org/wiki/H... - Alan Cheslow

Military Commissions Act of 2006 - http://en.wikipedia.org/wiki/M... - Alan Cheslow

You know, if you combine this news with Rex 84 and FEMA internment camps, you get an interesting bit of conspiracy theory: http://en.wikipedia.org/wiki/R... - J·Phil·Glockner

Operation Garden Plot- http://en.wikipedia.org/wiki/O... - Alan Cheslow

John Warner National Defense Authorization Act - http://en.wikipedia.org/wiki/H... - Alan Cheslow

Readiness Exercise 1984 - http://en.wikipedia.org/wiki/R... - Alan Cheslow

Alan Cheslow -- thanks for the important Wikipedia links. - Sean McBride

Ok, I'm not going to go back and forth on this but I will say one thing...if you riot (not protest) what do you expect to happen to you? Police agencies throughout the world have riot gear and handle things aggressively when aggression is needed. http://en.wikipedia.org/wiki/R... I'm not debating that I wouldn't handle threats as my rules of engagement show necessary...I'm saying that the quote "release the troops on the citizens" and people who see their own country's military as a threat against their own country is ridiculous. However...Alan C. you do make some good points to support your theory and I respect that. - David Cook

This is pretty awesome! - Jason Wehmhoener

WTF, default sound level practically blew my eardrums. And this is with my volume set to one above 0. - saeba

+1 Sean - jeneane 'the wink' sessum

Thank you, Sean. People were circulating it and I told them all to quit. Alleyinsider's headline: "Apple's Steve Jobs Rushed To ER After Heart Attack, Says CNN Citizen Journalist" ftl!! http://friendfeed.com/search?q... The site IS owned by CNN but not CNN. (LOL @ Alleyinsider removing that headline from the Top Stories haha) - Mona N.

if this is the case then they should start issuing arrest warrants for people like Bill O'Reilly and any other MSM journalists who has been fact checked and found to have lied .. - Steven Hodson

The ethics surrounding "citizen journalism" and traditional journalists is like night and day. I've been saying for a while that iReport was asking for trouble with photojournalism, but if you read their terms of use CNN absolves themselves of any responsibility. CNN likely does very little to check the accuracy of what is submitted and this is an example of the impact of that. - Jim Goldstein

He wrote about Fake Steve Jobs? I thought he phased out his blog. - Jesse Stay

If the fake post was a deliberate attempt at market manipulation then you better believe there will be jail time. - Kevin D. White

bloggers have libel protection - since 2003. wonder if that counts. http://allied.blogspot.com/200... - jeneane 'the wink' sessum

Highly irresponsible stunt...stupid - Susan Beebe

@directeur (once was here) (directeur): You and I both, good man. - Alexander Williams via NoiseRiver

thanks, that reminds me...i need another NAS to backup my backup! - Susan Beebe

Alexander: Tad's a lucky guy. Isn't he? :) - directeur via NoiseRiver

Hehe - yup. tad == lucky; - Emotion Tad

Nooooo! Fry's is teh anticonsumer! - Alex "Maverick" Scoble

Compared to what Alex? Best Buy? Circuit Shitty? - Emotion Tad

aww, that's sweet, directeur! I'm sure you're find one if you keep looking in the right places. :) - Lindsay Donaghe

Lindsay, I'll do my best, I'll do my best... Wondering though how Tad did :) - directeur via NoiseRiver

Computer stuff? Never buy local...Amazon or Newegg are much better - Alex "Maverick" Scoble

Alex, not really about computer stuff, but stuff like computer stuff: women ;) - directeur via NoiseRiver

We found each other online... through a telnet BBS before there was a WWW. - Lindsay Donaghe

It's much easier to walk into Fry's and return stuff though.. - Rodfather

Rodfather, seriously? Waiting in line for 30 minutes and then having to deal with the rude customer support person, when you bought something that should have worked but you accidentally got a "return" instead, is easier than picking up the phone? - Alex "Maverick" Scoble

BTW ask me how much stuff I've had to return to Newegg or Amazon for computer stuff...or anything...go ahead, ask me. - Alex "Maverick" Scoble

O HAI Lindsay! - Mona N.

Hey there, Mona! - Lindsay Donaghe

I miss Fry's :( CompUSA was shut down earlier this year. No place to go buy cool toys for cheap :(:( - Mavericks of Troy, NV!

The wait and people definitely suck, but if it's local, you can walk in and take care of business without waiting for FedEx. - Rodfather

You forgot to ask me how many times I've had to return things when shopping online. - Alex "Maverick" Scoble

Lindsay, on BBS?? You geeks! Viva port 25 :) - directeur via NoiseRiver

I'll take a guess.. none. With Fry's, you just have to remember not to pick the items with a return sticker and messed up wrapping. Their return policy was pretty good too. So I would 'try' out devices and return them before the 30 days were up. :) I agree with buying from Newegg though. They are awesome and I've had an account with them for years. But hey, if you need to pick up an internal harddrive like now, Fry's is fine. - Rodfather

after dealing with returns at the fry's in manhattan beach and burbank and wanting to kill people afterward, i have to say that the fry's in city of industry is a dream. i had to return my laptop. the whole process was painless, friendly and took almost 10 min. i didn't even have to wait in line. - Faboo Mama

@Rodfather: For women like Lindsay, the thing you think is a bug at first is actually a feature, so why return? :) - directeur via NoiseRiver

yup, on a BBS in 1994. We still laugh at the whole fascination (repulsion??) people had a few years ago with dating someone you met online... We'd been married more than half a decade before it became "popular". :) - Lindsay Donaghe

None...you are correct. Whereas with Fry's you never know what you are going to get even if it doesn't have the sticker. There's a reason why they are discounting a lot of stuff...oh and then the selection completely sucks compared to Newegg or Amazon. But hey if you need BBQ chips and memory chips, Fry's is the place to be. Luckily for me they are so far away as to be extremely inconvenient. - Alex "Maverick" Scoble

Oh good gracious. If they come out with a hybrid Fit B will insist we upgrade her current Fit to it. So I guess I'll be getting a hand-me-down Fit in a few years. - Michelle Jones

I'm glad I waited. - Melissa

melissa - you're in the market for a new car? i'd like to get one myself, but it's not the right time - Cee Bee

Given current events, there are probably some great deals right now... - torque

Cee Bee - yes, I am. I waited until my hand-me-down Explorer practically died - that and the combination of gas prices kicking up has me looking around for a new ride. I've been renting cars monthly... which has been pretty blissful actually. No hassle on maintenance. - Melissa

a hybrid fit sounds cool... - edythe

Kudos to whomever the first to translate this concept to a new media was. - Dave Roth

Hell yeah! - jeneane 'the wink' sessum

hillarious - Jim Goldstein