Market could be in trouble thanks to massive stock glut, Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

'With all this new supply, it's no wonder the fast-growing tech stocks can't find a bottom,' 'Mad Money' host Jim Cramer said.

CNBC's Jim Cramer warned investors that the market could be in trouble in the near term as it faces a massive supply of stock and a shortage in demand from buyers.

With more than 100 initial public offerings so far this year, first-quarter fundraising in U.S. markets has reached a record, Cramer said. Several new IPOs are in the pipeline this week. High-profile companies such as cryptocurrency exchange Coinbase and trading app Robinhood also plan to go public soon.

"You can tell that there's too much supply because many of these deals have started to fizzle," Cramer said. "These special purpose acquisition companies just keep coming, even though the whole SPAC ecosystem's falling apart." This has created a supply demand imbalance in the market. There aren't enough buyers putting money to work and scooping up the slate of new shares being traded, Cramer noted.

 

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

No one cares about CNBC or Jim Cramer though so who cares

More margin calls to come! Banks are forsed to reduce their exposure to margin loans! With SLR exemption expiring on March 31, banks would significantly reduce margin loans lending. Let's see how speculators will do without margin loans.

that’s the problem, riiiiiiiight, massive stock glut. 😉

jimcramer is the man

Agree, there are about 650 technology stocks alone with a minimum market cap of $1B and a maximum market cap of $2T. In total, there are about 10,400 stocks you can buy through broker or OTC. $SPY $IWM $QQQ $DJI

With so many sources of better and more reliable info, it’s amazing Jim Cramer can carry on its his dog and pony show b

Yeah, all the VCs have managed to dump IPOs just in time. Suckers at the end of the line who bought into the hype in 2020 deserves nothing. 100X forward earnings?

Wallstreet trust fund babies will always get bailed out on the backs of working Americans. Capitalism. Enjoy

Cramer, the fool on the hill

Nice clickbait ...

Whew. Relieved. If Cramer says the market's in trouble that means we're almost out of the woods.

nice

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.

Holders of 'cult-assets,' like crypto, are putting pressure on the market, Jim Cramer says'Right now there are so many cult-assets ... that the true believers absolutely refuse to sell,' the 'Mad Money' host said. Cramer is losing respect with me now, this is just becoming manipulative now. One week he is in love with crypto. The next he thinks they’re a conspiracy and wants them banned. Reign in on him, because this, this is just reckless conduct on his part. Your producers control him who's Jim Cramer....? if everything he said were true, would bonds not be the correct move?
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer picks 10 dividend stocks that could benefit from Biden's capital gains tax proposal'If you're worried about Biden's plan to raise taxes on capital gains but not dividend income, well that's not a reason to sell everything,' CNBC's Jim Cramer said. MadMoneyOnCNBC jimcramer I'm still trying to figure out how to block Jim Cramer from my feeds. MadMoneyOnCNBC jimcramer Better sell ‘em quickly!
Source: CNBC - 🏆 12. / 72 Read more »