Cramer to the Market: Now Is the Time to Panic (at Motley Fool)

This morning had all the makings of a bad market day. Markets in Europe and Asia dropped substantially overnight. The futures market was pointing to a significantly lower open. And on the Today show, CNBC analyst Jim Cramer told the world (or at least the small percentage of it that watches Today): Whatever 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. The Dow is down 700 points as I type. It looks as though investors are taking Cramer's advice -- and then some. But is it sound advice? Before we get to judging Cramer, let's acknowledge where his advice is coming from. First, this market is extraordinarily volatile -- the Chicago Board Options Exchange Volatility Index sits at an all-time high. Second,... [read full story]