Following his statement, the Dow Jones Industrial Average (DJIA) fell 700 points and some even suggested his remarks may have had an impact on the market that day. However, Cramer told his audience despite the criticism he felt it was his duty to warn investors. “What I said on the ‘Today’ show earlier this week and what I said on this show has gotten a lot of attention – a lot of media attention,” Cramer said on CNBC’s Oct. 8 “Mad Money.” “Some of it’s nice, some of it’s nasty. Let me explain what I was doing. It was what I promised I would do each and every day since I started this show. I’m talking about telling the truth.” Cramer was accused of being a “bull-market cheerleader” by Barron’s last year, but the “Mad Money” host used the beginning of an e-mail segment on his show to clarify his remarks. “I’m not going to tell you to buy when I know it is time to sell something,” Cramer said. “Earlier this week, I made a decision and my decision was that I wanted to make room. I wanted to be sure that if I needed money for something in the next five years, for a big purchase – college, college tuition, a car because, you know, credit is hard to come by, a home – I was going to take some of the money that I had in the stock market for that occasion and move it over into savings account.”