CNBC's Jim Cramer on Tuesday suggested that investors can sometimes lose the markets' big picture, and that it's important to go back to the basic principle behind good investing. The Dow's nine-day rough patch, the promise in oversold markets and stocks that are so beaten up investors don't see their potential are all parts of the big picture, Cramer said. We're looking to find good stocks at good prices and buy them. We want to sell bad stocks at any price and kick them out of our portfolio.
'Investors can sometimes think to only own stocks of companies that are the winners for the day and brush off everything else, Cramer said. When this happens, he argued that investors are putting mental shackles on themselves. While day trading in the past was meant to scalp pennies from the flow, now investors need to be focused on dollars from the big picture, he continued. The last time that the Dow went on that long of a losing streak was in February 1978, during which Cramer said there was double-digit inflation and a lack of serious leadership. The Dow's rough streak today, however, comes as theAnother part of the big picture is that the markets are heavily oversold, according to Cramer. He suggested that it might be a good time to buy instead of listen to the prevailing negativity, and used as an example, which is 22 points down from its high but still up 163% for the year. He said he believes it's just taking a hit on a massive run and is a good spot for some gains, so hold on. The last part of the big picture includes stocks that have taken such massive hits that investors miss the positives, Cramer sai
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: NBCNewYork - 🏆 270. / 63 Weiterlesen »
Herkunft: NBCDFW - 🏆 288. / 63 Weiterlesen »
Herkunft: NBCPhiladelphia - 🏆 569. / 51 Weiterlesen »