Jim Cramer cuts through the market's ‘doom and gloom' as the market wavers

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

News أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

CNBC’s Jim Cramer on Wednesday tried to quell investors’ fears of a recession.

He pointed to certain sectors that are seeing gains and said the economy needs to slow for the Federal Reserve to make eagerly-awaited interest rate cuts.

"Look, I'm not trying to call a bottom — I want to make that crystal clear — but I think it's worth taking a hard look at what's actually going right, not just what's going wrong," he said.on Wednesday tried to quell investors' recession fears. He pointed to several sectors that are seeing gains and said that the economy needs to slow for the Federal Reserve to make eagerly awaited interest rate cuts.

Some may argue that the weakness in the tech sectors also spells a recession, Cramer said, with many convinced thatBut he disagreed, saying the loss isn't significant when considering the stock's enormous rise this year — with its market cap nearly tripling within a matter of months — and the fact that it remains up more than 100% year-to-date

"I'm willing to declare that there's too much doom and gloom out there," he said."Look, I'm not trying to call a bottom — I want to make that crystal clear — but I think it's worth taking a hard look at what's actually going right, not just what's going wrong."Cramer explains why Dell is an 'incredible bargain' here

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 569. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Here's Jim Cramer's market sell-off playbookMonday's global market sell-off is an opportunity to buy rather than a reason to sell, Jim Cramer said and shared his six-step gameplan.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Jim Cramer's top 10 things to watch in the stock market TuesdayJobs data is in focus during the holiday-shortened trading week.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »