Cramer advises patience, not panic, saying don't dump stocks in this sell-off

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It's a big mistake to sell when the market is only down a couple percentage points, says MadMoneyOnCNBC's Jim Cramer.

 

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MadMoneyOnCNBC Those computers are raping America's 401's like a professional surgeon. Grabbing the fear of the sell off to unload their last ill begotten gains and buy all over again at a speed that is beyond layman's comprehension. We get the crumbs!

MadMoneyOnCNBC You are never correct - didn't you say the selloff last week was overdone and it was time to buy again? Clueless and the reason I stopped listening to you and CNBC years ago.

MadMoneyOnCNBC AI trading might be adding volatility to stock prices. If you think you can predict prices enough to sell your positions and buy them back for less, Y wouldn't you do that? The only thing stopping U would be taxes, but lots of trades aren't subject to taxes these days.

MadMoneyOnCNBC Periodic dips and spikes are irrelevant in the long run. If you have a decent AI that can predict short term fluctuations, use it, or else find an AI based ETF. The only real indicator of long term stock value is P/E and predicted growth rates.

MadMoneyOnCNBC These markets have been manipulated for 10 years. The bull will end in a bad way, along with USD as reserve currency. When the USD comes flooding back we are totally screwed and will result in a new digital monetary system. Fiat fails 100% of the time.

MadMoneyOnCNBC Cramer is a con. $TST

MadMoneyOnCNBC OK. so your advice is to sell when the market will be 1000 points down? Trader's wisdom.

MadMoneyOnCNBC steady as she goes…ever upwards…

MadMoneyOnCNBC 'No! No! No! Bear Stearns is not in trouble. If anything, they're more likely to be taken over. Don't move your money from Bear.' - Jim 3/11/08

MadMoneyOnCNBC Yeah, because the subscription model full employment economy has growth written all over it.

MadMoneyOnCNBC 'It's a big mistake to sell when the market is only down a couple percentage points'. Instead, you should sell when it's down 50%.

MadMoneyOnCNBC Aka please don’t sell until I sell and get out first before you.

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