After years of investor movement – often at the risk of making a mistake – CNBC's Jim Cramer takes a stand against market commentators who play cautiously, but do not really help the average stock-picker.
Cramer explained that it was too easy for commentators to "equivocate" by detailing both sides of the problem but not offering any solution, or getting permanently in the bullish camp or bearish, which he says is "equally useless." Similarly, it is easy for someone to tell investors not to get involved in stock selection, he added.
"The problem is none of these tips are really helpful to regular investors," said Cramer. "You have to try to explain the risks and benefits.You must try to help people avoid a gigantic inconvenience, even if the market can go back over a period of five years, as was the case with 2007 to 2012. "
At the moment, Cramer believes that the actions involve "a lot of risk and no reward", which he knows people do not necessarily want to hear. But, in his opinion, honesty is more helpful to individual investors than eternal optimism.
"If you want insignificant opinions or a permanent uptrend, believe me, you have a choice of many options," he said. "But as far as I'm concerned, this kind of analysis is not very useful.I prefer to try to do things right and help people, that's why I'm all coming evenings, including tonight, to tell you the truth, as I see it, even when it pushes me to be pilloried on social media, and even when I'm wrong, either because of lack of understanding or simply bad luck. "