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Cramer: The Rich Don't Fret, but You Should

Stock quotes in this article: ABK , BP , DBD , MBI , PBR , RIO  

Everything's great over the long term...if you are really rich!

I am thinking that because of the pleasing words I always hear from really rich people on TV: really rich money managers and investors and analysts.

And it's true.

When you are really rich, things are great over the long term. When you are really rich you can go invest in those really good municipal bonds that yield more than treasuries, the ones that you have to buy in $500,000 increments typically, although maybe $100,000 will get you in. When you are really rich who the heck cares if you sit in cash for the next 18 months. It doesn't hurt you. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes

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