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NEW YORK (TheStreet) -- With so many investors leaving stocks in favor low-yielding bond funds, Debra Borchardt asked Jim Cramer at TheStreet.com Tuesday if they are right to do so.
Cramer said individual investors view stocks as a fraudulent asset class, one that's more of a plaything for rich investors and no longer a serious investment. He said the gloom is palpable, and rightfully so.
Stocks failed the individual investor in the 2000 with the dot-com crash, in 2008 with the financial crash and more recently with the flash-crash, Ponzi schemes and failed IPOs including Facebook (FB), Cramer acknowledged, and individuals have had enough.But Cramer said he ultimately sees that view of stocks as misguided, even though he totally understands where it comes from. Watch the full Cramer interview here. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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