Cramer compared Tuesday's market action to what happened the last time a U.S. president was impeached two decades ago.host said about the divided Congress. "How much will that matter to the stock market? You know what, we've seen this movie before."
The major indexes recovered most of those losses the next day on its way to double-digit rallies by the time the House officially voted to impeach then-president Clinton within two months. The Nasdaq, in particular, led the market, increasing 39%, as every pullback proved to be a buying opportunity, Cramer said.
The market is not quite there yet, though, because stocks need to get to an oversold position, Cramer continued. Still, investors can buy shares of companies that have good fundamentals if they continue to get crushed by news out of Washington, he added.
jimcramer
jimcramer Joe Biden is in HOT WATER imo Son also took billions and Joe millions WOW!! NEWS VIDEO HAS JOE BIDEN ADMITTING TO IT!! WOW!!!!! IMO
jimcramer 2018 SPX Weekly Chart: Double Top 2019 SPX Weekly Chart: Head and Shoulders Top Have fun......better start selling the rips.
Which one?
donothingcongress
This should show all of America why we can't let the Socialist=Dem=Liberal mafia disarm us. This is government corrupt and out of control.
Just keep building the damn wall..
Our mission at is to build the social media platform that ends fake news
Is that all we have to worry about? The damn stock market! That’s just silly and stingy!
it's not a movie.......this is real
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So true.
We did? When?
Jim Cramer is also the Guy Fieri of The investment world. So there’s that.
nothing really but we know alot of people will cash out when Republicans leave power as always
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »