Could Jim Cramer's comment destroy the US stock market?

Jonesy, did you hear what Jim had to say? He was open and honest about what REALLY happens in the stock market. He discussed ways that he used to manipulate the system to make money, and use newspapers, research papers, networks, and brokers to scam the system. Seeing how you have a Masters in Finance, I am sure I am not telling you something new, but how many of your friends, or co-workers really know about this? If they did would they still put money in their 401K? And, if they didn't could the market survive all of that money flying out of the market durning our current economic state?

As I said before, in the grand scheme of television shows not too many people really watch that show and most those who do know more about how things work anyway. He is not the first one to explain those things in detail and on television btw. You can also find it in the investment sections of newspapers. Funny thing is, most people don't pay much attention either when things like that are explained. This would have gone unnoticed as well, if not somebody from the Obama admin would have made a comment about it. That much for causing a panic, lol. If people would rush to pull money out of their 401ks or would stop putting money into it, that would be a problem. That's already a problem for the market right now. Too many small-time investors, who had everything to lose, put their hard-earned money in the market wanting to reap the big returns. When they started to lose money, they pulled out what they could; by now making things worse than they really should have been. Anyhow, a lot of people have already stopped or reduced their contributions to the 401ks in order to have more money in their paychecks to be able to pay their monthly bills. A lot of people are also already to the point that they take money out of their 401ks. Those who still put money in are those who can. There are different reasons for that such as complacence. They have always done it and won't change their habit. Then there are those who know about dollar averaging and that what goes in now will be worth more in the future. Most shifted stuff into money market funds within their 401k to keep what they have already accumulated somewhat safe. And there are those, who think they have no choice, it's mandated (ignorance is a bliss). And yes, there are those who took everything out of the market and the banks and stuffed it under the mattress. They do exist. Quite frankly, by now those people who would panic due to a remark like that already did, when they saw their last two 401k statements, watching the market decline and decline. They probably did what they felt was right, even if it would be a knee-jerk reaction of taking everything out and not contributing anymore. They also would have taken everything out of IRAs and Roth-IRAs. An all out panic would make things really bad. But I think investmentwise people have reacted worse than they should have and I think those who would panic listening to that remark already did long before it was made. The stock market has not quite hit bottom yet, but it is not far from it. And it will recover unless it is put away with, which is a doubtful thing to happen;) As to my friends, co-workers, etc. They are reasonable people. They didn't panic yet. It's doubtful they would panic due to listening to something like that. What most people don't understand is that the stock market tends to create value bubbles. They lack the understanding that a lot of the value is perception based and often not all that real. A lot of research has to be done to find value investments. So called hot tips are usually cold fairly quickly. If you want to invest in the market you have to be in it for the long haul. You have to put money into it that you can afford to lose so to speak. It's money you don't need, not now anyway. One definitely should not invest one's life savings into the stock market;)