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Stocks plunged at the Monday open after a deepening financial crisis in Europe heightened worries about a global economic slowdown.
The S&P, Dow and Nasdaq were sharply lower, following a broad sell-off around the world.
In what Curry called a “dramatic statement,” Cramer emphatically urged any investor who has money they may need in the next five years tied to stocks to pull their dough out.
“I thought about this all weekend,” Cramer told Curry. “I do not want to say these things on TV.
“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.”
Originally posted by loam
This is getting ugly.
Market down below 10k....nearly 500+ point drop.
[edit on 6-10-2008 by loam]
Originally posted by goldbomb444
Oh don't worry...once it drops some more CNN will be all over it. They seem to love scareing the public (in this instance rightfully so). Give it an hour.