Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets

to last week's U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.

However, in light of the uncertainty around Trump's new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session. In late morning trading, the S&P 500 was making up about half of Monday's losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%., China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S.

MadMoneyOnCNBC Why I got out as soon as Trump was elected.

MadMoneyOnCNBC This is exactly why I took a break from trading about 8 months ago. All of the technicals and fundamentals could line up perfectly but you just can’t account for an incompetent idiot and his unhinged tweets and trade wars.

MadMoneyOnCNBC I know. Investors are few and far between it seems. I mean too much emotional trading

MadMoneyOnCNBC Especially since DJT is a 🤥💩 who’s corrupt cronies trade based on inside information and Trump’s 🐂💩 tweets. How many 🤥 reports has Wall Street used to pump and dump. Market is manipulative scum.

MadMoneyOnCNBC The free flow of capital will always find a way, industry has changed today, Trumps’s tweets shouldn’t impact the market, policy outcomes should, the outcome of the Obama years will soon run out and we’ll one day see what Trump’s policy brings, at this point it’s clear as mud.

MadMoneyOnCNBC Jim has been wrong every single time . At least trumps tweet works . Boo yah Jim

MadMoneyOnCNBC Where’ve you been for the past 2+ years?

MadMoneyOnCNBC Does anybody trust Cramer? Just grabbing attention. Never trust anyone that talks loud, fast, and emotional. Makes for good TV though. It panders to people who don’t know how to think for themselves.

MadMoneyOnCNBC That’s why the market is whack and nonsense

MadMoneyOnCNBC CNBC Cramer, I am sure the 2007/2008 dotcom crash also happened because of Trump. Liberal media cry babies never grow up.

MadMoneyOnCNBC Well maybe he shouldn't say this like this also this week.... fail

MadMoneyOnCNBC Agreed. I sure wish he'd shut up.

MadMoneyOnCNBC I trust BTC

MadMoneyOnCNBC You allowed it to happen.

MadMoneyOnCNBC not that its been any different for the last few years.

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Cramer: US companies are getting hurt by tariffs because 'they didn't think Trump had the resolve'Some American companies 'let themselves get hurt' by tariffs because they assumed Trump wouldn't follow through on his China trade threats, CNBC's Jim Cramer says. Oh Jim... To be candid, investors thought the same thing and I don’t see this group yet being hurt. I don’t think many really expected this type of escalation. Kudos to those that did and for the companies that adjusted. Or they didn’t realize that he really is as stupid as he sounds
Source: CNBC - 🏆 12. / 72 Read more »