Updated from 6:58 a.m. EDT
Jim Cramer has taken a lot of heat in the media for his call last week on
"Today Show" to sell stocks if you need the money in the next five years. Some called his comments "irresponsible" and "wreckless."
But Cramer's right on the money. The market fell 18% from his call to get out. Cramer isn't new to the stock market or Wall Street. He has been in the game for a long time, and he has the battle scars of running a successful hedge fund to prove it.
Don't miss Cramer's next call, and make your own judgment. Those who ignored last week's call and listened to the mainstream media's criticism now know what the "house of pain" feels like.
Recently, Cramer found opportunity in dividend-paying stocks, such as
; stocks hit by hedge fund redemptions, such as
; and cheap industrial stocks, including
. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts (these blog post links require a
To read more,
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Altria for his Action Alerts PLUS charitable trust.)
At the time of publication, Altucher and/or his fund was long Eaton, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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