Tuesday, November 29, 2011

Cramer Talks Global Credit Contagion, Sounds Fire Alarm On CNBC Monday

JIM CRAMER OF MAD MONEY ON CNBC wants to educate his viewers as the the monstrous and perilous economic situation we're all facing. He wants us to know that the credit crisis in Europe will indeed affect us here in the U.S. and that we need to take steps right now to minimize the damage to come.

Cramer further stresses that we shouldn't be lulled into a false sense of security because of good reports of Black Friday spending or a good day or two in the stock market. He reiterates that we are not that far away from a global financial crisis so huge that it will be hard to get our minds around.

Click to play the first video, then move the curser to minute 6 to hear this rant. In the first minutes of the second video, he continues to explain this situation for investors whom he advises to sell into this rally any companies that depend on credit to survive because they will be the hardest hit.

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