CNBC’s Jim Cramer on Thursday predicted that Wall Street will price in a bottom soon and the market will be set for a"tremendous rally."
"We price in this negativity far more quickly than you'd think. Maybe it takes a month, maybe only a few weeks. But it will happen and once it does, we'll be poised for one incredible, tremendous rally," the"Mad Money" host said. CNBC's Jim Cramer on Thursday predicted that Wall Street will price in a bottom soon and the market will be set for a"tremendous rally."
"Suddenly, the conventional wisdom says there's too much of everything, so prices are going to come down. Stock prices are anticipating that. And that's why the only sectors that sustained rallies in the first quarter were the oils, because they've cut back, and the utilities, which really act well only when there's going to be a heavy recession," the""We price in this negativity far more quickly than you'd think.
"While we still have an inflation problem, today's action is predicting a crash in sales for pretty much everything. … I say, for now, just let it keep coming down. Accept that there will be plenty of stories about, say, how
The material conditions of living, however, will continue to deteriorate for the unwashed masses who toil