CNBC's Jim Cramer said Thursday that his colleague is warning that danger could be on the horizon for the stock market.
The high-to-high cycles, as explained by Boroden, in the weekly chart of the S&P 500 is cause for concern, the host said. "In fact, she's looked at a series of previous high-to-high cycles, and what she's noticed is that there's a whole confluence of them coming due this month," Cramer said."That's why she's throwing up a caution flag, because Boroden thinks we might finally get a deep downside correction — even deeper than what we've already experienced during hell week.
He refuted Trump's suggestion that the United States should welcome tariffs on imports from China because the Chinese pay for them. CEO Josh Silverman shrugged off the decline, telling CNBC's Jim Cramer that the mixed first quarter results were better than he had projected in March.
He is such a racist now. Stop ripping the Chinese all day
Papa_PorcOooo
No shit. What a revelation.
Cramer?!? I’ll believe my crazed dingo before I listen to that fool.
Really genius?
24 hours ago this clown was bullish
Why would anybody listen to this Con man, and ex-criminal. Cramer is an crook.
jimcramer said Apple was going to $120 when it was $148. I sold part of my position. My days of listening to that jackass are over.
Trump’s erratic behavior will hasten a correction. Idle money is on the side not being placed in the system because of trump. I refuse to be a financial victim of trump’s tweets. The market is tough as it is without his nonsense.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »