Cramer uses last week's sell-off to explain why a market bottom can be hard to catch

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

CNBC’s Jim Cramer continued his discussion of last week’s massive decline, explaining why it can be hard to take advantage of a market bottom.

CNBC's Jim Cramer continued his discussion of last week's massive decline, explaining why it can be difficult for investors to recognize and take advantage of a market bottom.

"There will be other buying opportunities in the future, other crazy sell-offs, but let's remember that, very often, these market meltdowns are driven by nothing," he said."What happened two weeks ago was pure market mechanics—nothing to do with the fundamentals—so keep that possibility in mind the next time the averages get clubbed.

To Cramer, these factors turned out to be"incredibly flimsy reasons to sell," saying the carry trade issue was"a one-off," not a persistent problem. He also indicated that Berkshire Hathaway's moves might not truly be cause for alarm, saying some investors follow Buffett and"end up extrapolating to the point of absurdity."

Cramer also described why buyers fled during the sell-off, saying some were unimpressed with earnings season so far. He said while some companies are doing well, many didn't raise their full-year forecasts, which makes their stocks less attractive to Wall Street."So, very few stocks seemed like enticing buys at that moment," he said.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 545. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Jim Cramer's top 10 things to watch in the stock market WednesdayWall Street is headed for a lower open Wednesday, a day after the S&P 500 and Dow closed at record highs.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer gives a tactical look at the market rotation out of tech stocksCNBC's Jim Cramer reminded investors of his classic adage: Keep a diverse portfolio.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer's top 10 things to watch in the stock market ThursdayNasdaq futures rose Thursday after the tech-heavy Nasdaq Composite posted its worst day since 2022.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer's top 10 things to watch in the stock market MondayWall Street looked to rebound Monday after the S&P 500's worst week since April.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »