Mad Money w/Jim Cramer 10/29/18
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 29 October 2018
⏱️ 45 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | My mission is simple to make you money. |
| 0:04.0 | I'm here to level the playing field for all investors. |
| 0:07.0 | There's always a more market somewhere, |
| 0:09.0 | and I promised to help you find it. |
| 0:11.0 | Man money starts now. |
| 0:20.0 | Hey, I'm Kramer. Welcome to Man Money. |
| 0:22.0 | Welcome to Kramer America. |
| 0:24.0 | Other people want to make friends, I'm just trying to save you some money. |
| 0:27.0 | My job is to just entertain, but to educate, putting in context. |
| 0:29.0 | So call me at 1-800-733-C or tweet me at chimp-kamer. |
| 0:33.0 | Has this market become a slow motion train wreck? |
| 0:38.0 | Sure seems like it. |
| 0:40.0 | After a hideous day, when we start as strong and then reversed into the red, |
| 0:45.0 | now I'm plunging 245 points, |
| 0:49.0 | S&P plummeted 0.66% of the NASDAQ, notice I have 1.6%. |
| 0:53.0 | Do we need to start thinking about selling everything, going entirely into cash? |
| 0:58.0 | Or is it just business? It's usually in a highly exaggerated form. |
| 1:02.0 | Do we have some other analogs we can rely upon? |
| 1:05.0 | Listen, in my whole career, I've only counted and selling everything four times. |
| 1:09.0 | October 15th of 1987, October 8th of 1998, March of 2000, and October of 2008. |
| 1:16.0 | Three were dead right, and one was dead wrong. |
| 1:20.0 | And almost destroyed my head fund. |
... |
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