[video] Jim Cramer Quick Take: Shutdown Stock Advice
While it is widely expected the government will reach an agreement, Cramer isn't as hopeful. He said that judging from the latest headlines, the odds of a default have gone up dramatically.
With just two days left before the Oct. 17 deadline, he suggested investors look outside of the U.S. for equity exposure. Stocks that have little to do with the United States will not have their earnings results materially impacted because of the shutdown, Cramer said.
Those new to investing should probably avoid stepping into the market right now, he added. Once the Washington turmoil eases, new investors could look to put their money to work in an index fund that will allow an investor to diversify and form a "bedrock" within his or her portfolio, Cramer advised. Always do your homework, he stressed.
Switching to R.R. Donnelley
-- Written by Bret Kenwell in Petoskey, Mich.