Stock market being driven higher by 'clueless buyers,' Jim Cramer says - Business Insider

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Jim Cramer says a wave of 'clueless buyers' is helping to fuel the stock market's 'stupidly bullish' sentiment right now

attracted significant buyer interest on the same day it slashed its dividend, something he called "probably the dumbest action this year."spill, slashing it to 5.25 cents per share from 10.5 cents a quarter earlier.

"Not only are they telling you business is terrible, BP is trying to distance itself from crude while preserving cash, but maybe that dividend hike was a mistake," the host said."bigger gain than they got in February when they told you business was great and they raised the dividend," Cramer said. Fund manager Tom O'Halloran quadrupled investors' money in 9 years by betting on super high-growth companies.

 

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Jim Cramer himself was clueless when Apple had crashed to 145 last time and he was giving targets of 120. 120 never came and Apple is now 440.

Yesterday & today, can’t wait to see tomorrow’s headline 😂😂😂🤤

Such crazy discussion in media is published just to mislead Investor Jim Cramer gone to extent of calling them 'stupidly bullish', 'clueless buyers' FB AMZN GOOG AAPL TSLA unreasonable price reflects it ALL🤠 Investor has not learned from dot com era, subprime crises🤠

S&P just filled the gap

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