Cramer calls this stock market environment 'the most speculative' he's ever seen

  • 📰 CNBC
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

CNBC's Jim Cramer said Tuesday that gains in the speculative part of the stock market are 'insane.'

in which he's been dumbfounded by the kinds of moves in so-called Robinhood stocks, names being gobbled up on the online trading platform favored by younger investors.

"You can't lose in that market," he said, adding "it's like a slot machine" that always pays out. "I've not seen this in my career," stressed Cramer, who came to Wall Street in the mid-1980s after joiningCramer questioned how this type of buying can continue, pointing out that in the past such speculation has been met with a big sell-off. However, he pointed out that such a downturn has not happened yet despite coronavirus cases in the U.S.

In the case of Tesla, Cramer called it a technology company not just an automaker. He said that Tesla's more than 500% gain this year alone could not be justified any other way. Cramer has been a fan of Tesla for a while, even buying one of the electric vehicles. "These are ridiculous" moves, he said but added it's not 1999, referring to the dotcom bubble that later burst. "Investors just like Tesla," he argued. The strong move in Tesla shares Tuesday pushed the company to

 

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

Tomorrow he will think market it too low in his opinion. He is crap.

trade is easier ...

pump and dump .....

bitcoin is not speculative. It is the world largest most powerful and secure data base that has ever been built. With over $350 billion dollars secured on it ledger it has never been hack or counterfeited. You can transact worldwide without a 2nd party approval.

DIVERSIFICATION in a unrealized times!

WHEN IT BOTTOMS OUT,ANDIT WILL,WHO PAYS THE HUGE TAXES OF THE DEMS?

His act is getting old

Ride or Die.

😂😂😂😂 this guy can’t make up his mind

Every trade is speculative...

He could have written the same article months ago. At least now there is some good news

Don't listen to it, just earn now.

Crazy Cramer!

Pump and dump. Trillions of taxpayer dollars being washed!!!!! Everything is rigged!!!!!

Crypto and stocks.. Same shity toy for rich ones

The top signs are all in. Could run a bit longer but we’re in for a big correction.

horrible

Why invest in bonds when you can get the whole year’s return in 1 day in stocks 😂🤣🚀😜💰

Since American started to wear masks the Covid-19 infection rate increased significantly.

Fu*k Cramer

says the guy who speculates more than most! this must be the top...ponzi

It is NO LONGER a stock market but a SHOCK MARKET

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:

 /  🏆 12. 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.

Cramer bemoans market rotation, says FAANG stocks are 'still the best in show''I'm so sick of hearing that it's time to rotate into the small caps, or the oils, or the cyclical smokestack stocks,' the 'Mad Money' host said. False Won't the $TSLA inclusion to the S&P500 hurt $FANG as the re-balance impacts these large names? crypto is going to make the FAANG stocks look like child’s play in the next decade. Don’t miss the boat bc it won’t wait for you.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer says Zoom's post-earnings sell-off is not bad news for stay-home thesis'Just because Zoom's insanely high growth is decelerating a tiny little bit, that doesn't mean the trend is over,' the 'Mad Money' host said. 90% of news about covid and trump CRAMER says this , says that ! he’s not your financial advisor! LMFAO Fluff
Source: CNBC - 🏆 12. / 72 Read more »