in recent months that likened the stock market's robust rally from coronavirus-era lows in late March to the dot-com bubble of the late 1990s and early 2000s.
"This is what's really important to the people were getting very negative. It takes 1999 off the table," Cramer said of the September pullback, which has been particularly pronounced in many of the megacap technology stocks, such as, that helped propel the Nasdaq to a series of record highs this summer. Apple, as of Thursday's close, was down over 19% from its record closing high on Sept. 1.
of drawing parallels between the coronavirus rally and 1999. Back then, the Nasdaq went pretty much straight up in late 1999 until its then-peak of 5,132 on March 10, 2000. The Nasdaq bust was more than 2½ years in the making with losses of over 78% before the index reached a then-bottom of 1,108 on Oct. 10, 2002.
In July, Cramer said some of the stock moves were "crazy." But he added then, "Can we please just stop comparing it to 1999? Because in 1999 a lot of really bad companies gained a lot of market cap. Here, a lot of unbelievably great companies are gaining market cap at a pace that you've got to give them a speeding ticket."
In fact, now that some of those large technology stocks have pulled back — basically, they've finally been issued that speeding ticket — Cramer has
Lots of people on this thread sold at the bottom.
Good
But you told us to put cash to work last week.
Churning for another Stimulus package.
The fact that we’re not yet at bottom seems crazy after four straight down weeks. Buyer beware, but there are soooo many strong companies that are oversold right now, assuming your investment horizon is o e year or more.
Clown , red coming in wall street
So, should we buy tech or keep cash? Every day is different. Gotta keep those people watching... cramerbubble
If this guy was any good he'd be the richest guy on the planet. All he does is make noise daily.
Ummmm. Cramer found the bottom when he interviewed Pelosi
A BIG CLOWN , RED DAYS COMING , DOLLAR UP 95
Ok. Well this market has my confidence at an extreme low. I don’t know where we are going. Listening to anything you guys put out there makes it even worse
Who would listen to CRAZY Cramer?
I don’t know is handling the music today, but you can tell them some guy on Twitter is giving them a raise.
Curious about what the stockmarket is, how it works and what stocks are? When does it rise and fall? What are bull and bear markets? What underlies a market crash? 👇👇👇
Cramer gives me faith 😂😂
The stock market is not the economy and its stagnant because your wages never go up.
He believes this yet simultaneously suggests you to buy now.
Everyone wants a correction when they are still green YTD
'Churn to earn'
Lmao fuck Cramer.
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