Jim Cramer on stock market pessimism: 'As long as we have doubters, we can rally'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

'I'm actually thrilled by all the negativity because it means stocks can still go higher,' the 'Mad Money' host said.

Cramer said the trading day was more volatile than the closing appeared. Stocks traded lower on a worse-than-expected drop in retail sales last month, the Federal Reserve's comments on the state of the economy and ongoing coronavirus pandemic worries, he explained.helped stocks rebound, he added. The bill will potentially include $600-per-person direct payment stimulus checks for Americans.

The Dow eventually closed at 30,154.54, down 0.15%. The S&P 500 inched up 0.18% to 3,701.17 and the Nasdaq Composite climbed 0.50% to 12,658.19."I'm actually thrilled by all the negativity because it means stocks can still go higher. As long as we have doubters, we can rally," he said. "The market goes up when bears turn into bulls, so think of the negativity that we saw all morning as the fuel. When everyone's positive, well that's when you have to worry.

 

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

!? Wha!? jimcramer what does this mean lol. U mean, as long as CNBC keeps screaming how good it is to have juice from the fed and treasury, while screaming for stimulus because, you know stock market is in terrible shape from the economy being in SUCH bad shape btd!!!

Clown

Jim the man

THERE ARE NO DOUBTERS! HE KNOWS NOTHING!!!

nice

don't really care for the guy. but it is a good point

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 İE

Ireland Ireland Latest News, Ireland Ireland Headlines