Cramer suggested there has not been a large enough reckoning with how persistent the coronavirus remains — and the economic consequences associated with the health crisis. "We are right now beginning to realize that the pandemic has recessionary impact that we hadn't thought."on another round of relief legislation, to provide adequate support.
"That's why I've said over and over again to both sides, 'Look you've got to make this so it's open ended,'" he said. "You've got to make it so we have something that gets us to the vaccine. No one wants to relate directly why we have this problem. It's not because of a slowdown. It's because of Covid-19."
"I absolutely understand the budget deficit and you can talk about the budget deficit forever," Cramer added. "I'm talking the Republic, the society, because there's so many people, 15 million in the restaurant business alone, these people cannot have jobs but they're not going to go become carpenters."
It sure doesn't
He is right. My main Dad asked me the same question.
This is the exact same person who said 'Don't get too pessimistic' on the verge of 2008 financial crisis. He will sing a tune that retains his popularity. Cramer is not a financial news expert, he is a financial news 'comedian' and his jokes are bad.
Exactly the reason why markets will go up another 50% or higher in next few months, Thankx to Fed. And yes when the bubble is blown God Bless us all until then enjoy the ride.
It is clear this is an artificial market but when do things like employment numbers matter again? The 1.1 million jobless claims came in higher than estimates yet the market is relatively unchanged. How long can the Fed continue to prop up this market?
No shit. But stonks always go up.
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