Record stock rally due to big companies' edge in pandemic: Jim Cramer - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

'One of the greatest wealth transfers in history': Stocks have rebounded because the pandemic is sparing big companies, Jim Cramer says

an economic slowdown, historic unemployment, mass protests, and more than 100,000 coronavirus-linked deaths to regain most of the ground it lost earlier this year.

Its swift recovery reflects the fact that the largest public companies — which drive the indexes — are emerging from the pandemic in strong shape, CNBC "Mad Money" host Jim Cramer said"The market doesn't represent the economy, it represents the future of big business," he said. "This is the first recession where big business … is coming through virtually unscathed, if not going for the gold.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What part of a 14 day incubation period, plus exponential growth don’t you folks understand? I suspect it is wilful market manipulation.

You’re being played like a fiddle

Short the market! Blatant manipulation by the White House ahead of Trump’s presser.

We have a HUGE problem...realDonaldTrump and our leaders in Congress and the military need to speak out and speak freely. This is the Nixon moment

Lmao the federal reserve is “sparing” big companies; the pandemic still goes on. People are still unemployed.

The pandemic isn't 'sparing' anything. Money doesn't get sick.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jim Cramer: The pandemic led to 'one of the greatest wealth transfers in history''I think we're looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,' the 'Mad Money' host said. Rich got richer Not the pandemic, the Federal Reserve. As I found, it was lead by Powell of FED. Some companies sold bonds to repurchase their stocks and pump stock price. The insiders exc options and cashed out. FED bought these debts and leave $8 Trillion to the most US citizen including kids.
Source: CNBC - 🏆 12. / 72 Read more »

Mars CEO: $35 billion pet care and snacking company changing, pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jim Cramer: Investors are rotating into and out of these stocks'Normalcy is shop until you drop. And today's action says that's exactly where we're headed,' the 'Mad Money' host said. Journalists promoting govt economic puppetry are intellectually dishonest.
Source: CNBC - 🏆 12. / 72 Read more »