Did Jesus condemn wealth?

Mathew 19 : 16 - 24 > 16 And, behold, one came and said unto him, Good Master, what good thing shall I do, that I may have eternal life? > > 17 And he said unto him, Why callest thou me good? there is none good but one, that is, God: but if thou wilt enter into life, keep the commandments. > > 18 He saith unto him, Which? Jesus said, Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness, > > 19 Honour thy father and thy mother: and, Thou shalt love thy neighbour as thyself. > > 20 The young man saith unto him, All these things have I kept from my youth up: what lack I yet? > > 21 Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me. > > 22 But when the young man heard that saying, he went away sorrowful: for he had great possessions. > > 23 **Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven.** > > 24 And again I say unto you, **It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.** This bible passage has really got me confused. Does this mean that Jesus condemns wealth and it is not good to be rich?.