Charts suggest the market could find a bottom after a little more weakness, Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

'The charts, as interpreted by Tom DeMark, suggest that with just a little more weakness, this market's finally got a legitimate chance to bottom,' he said.

CNBC's Jim Cramer on Wednesday said that the market could find a bottom later this year now that stocks have come down and Wall Street's optimism has waned.

CNBC's Jim Cramer on Wednesday said that the market could find a bottom later this year now that stocks have come down and Wall Street's optimism has waned. He added that the key to finding a bottom is to identify when sellers have run out of steam, and everyone who planned to sell already has. "That means the Dow may have bottomed last month or maybe there will be one last downdraft that takes us to a lower low," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Crush wallstreet! Its a big cause of inflation!

Try another 10k dip in stocks first jimcramer

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer: To understand this year's vile market, study the dot-com crash of 2000This year's first-half wipeout was substantial and all-encompassing. To understand where we go from here, it's instructive to look back at the dot-com bust. Dot com , what No one knows anything with the Stock Market. Selling stocks because you think you might lose money is for loser day traders and computer algorithms. Buy
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer picks 7 Dow stocks that investors should consider owningCompanies in the Dow 'tend to be boring, mature companies that typically pay nice dividends,' the 'Mad Money' host said. MadMoneyOnCNBC jimcramer All you need to own is a pair of Cloos frames🕶️
Source: CNBC - 🏆 12. / 72 Read more »