Cramer: I'm not worried about a December stock market drop like last year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'Nothing worries me in the sense of looking for a big sell off in December,' says CNBC's Jim Cramer.

December has historically been the strongest trading month of the year. But 2018 saw thedrop more than 9% in the final month. The market, after months of selling, bottomed on Christmas Eve before staging a 2019 rally that could give stocks their best yearly gains in a generation. The S&P 500 closed at a record high on Wednesday.

The S&P 500, as of Friday's slightly lower close, was up more than 25% this year. Early Monday, the index was on a modest two-session losing streak

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 CA
 

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

That's exactly what will happen!

Last December and January were great buying opportunities. I hope it drops back 5% would be nice. Can the pundits drum up some FEAR. Say YES they can! 👍

Ya he is worried about one like 2008 but worse.😉

Famous last words.

because you have opened a lot of shorts.

I am...

We’re already dead if it gets worst, we’re already emotionless

when you think the waiter is brining your food but it's for someone else

Yes. Buy the dip.

I'd agree. Last December was pure destruction

The bond market is warning otherwise this morning as 10 and 30 year rates spike. $TNX $TLT

Time for the rest of us to worry then.

Kass is winning Jim

Down we go Jim

Sell

Ok well so far this tweet is not aging well but it is only 2 hrs into the dec market.

Great picutre don't want to read. It's the best schocked face ever.

This crazy guy will ruin your savings someday!

Canada Canada Latest News, Canada Canada Headlines

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

Next stock market crash: Strategist sees risk of December correction - Business InsiderA Wall Street expert who called the stock market's late-2018 meltdown warns another plunge could arrive in December — and shares his investing advice for 2020
Source: BusinessInsider - 🏆 729. / 51 Read more »

The raging protests in Hong Kong have its retail sector shrinking the most in history - Business InsiderThe value of retail sales dropped 24% in October from the same period last year, according to government data released Monday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street’s 2020 Prediction: The Stock Market Will Have a So-So YearMany analysts believe stock gains will wind up being in the single-digit percentage range in 2020 and that the longest-ever bull market is not over
Source: WSJ - 🏆 98. / 63 Read more »