Everybody’s buzzing about the market these days, and television’s talking heads are no different. Here’s what some of television’s well-known financial gurus have been saying about the economic meltdown and what the average investor should be doing:
JIM CRAMER
Host of CNBC’s “Mad Money”
Advice for investors
“Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”
“Today Show” interview with Ann Curry
BEN STEIN
Lawyer, writer, actor and economist
Who’s to blame
“I am furious at what the traders, speculators, hedge funds and the government have done to everyone who is saving and investing for retirement and future security. Millions of us did nothing wrong, according to the accepted wisdom of the age.”
The New York Times
SUZE ORMAN
Personal-finance writer and TV personality
What consumers can expect
“The chances of you being able to really get a mortgage, a car loan, even student loans for your children may be far more difficult than you have any idea. If you currently have credit cards that you’re not using that have open lines of credit on it, probably, you will see them close down.”
Oprah.com
DONALD TRUMP
Real-estate investor
Opportunities in the market
“It’s both a very tough time and a great opportunity. . . . As an example, go out and buy a house right now from a bank. . . . The banks want to unload their stock. They have thousands and millions of houses.
“Larry King Live,” from CNN.com
