$150 billion at one point being wiped off the cryptocurrency marketBefore the market opened Monday, political tensions lingered in Washington, D.C. after last week's pro-Trump riot on Capitol Hill. House Democrats on Monday moved forward with their plans to impeach President Donald Trump, blaming the outgoing Republican leader for inciting the attack.
"The futures just can't seem to drag this market down," Cramer said. "We had a weak opening, but then the accentuate-the-positive crew came in and started buying. They created an in-between market with pockets where investors kept latching on to the affirmative no matter what." The emphasis on positivity on Wall Street could be seen in the way that numerous individual stocks exchanged hands, Cramer said., which saw its passenger aircraft involved in an Indonesian airliner crash that killed dozens over the weekend. While it was a Boeing 737-500 — not the scarred 737 Max — that crashed in the Java Sea, Cramer said it was safe to say that the stock would come under pressure on Monday.
Boeing shares declined about 1.5% to $206.79, but they finished well off their session lows after a Baird analyst in a new note called it a "top cyclical play on recovery," which Cramer said helped stop the stock from nosediving.stock plunged more than 6% Monday after the social media company permanently banned Trump from the platform. Cramer believes the stock would have sold off more, had it not been that Twitter became an essential tool for news junkies.
"If you're wondering how long the Johnny Mercerization of this market can last, I say stop right there," Cramer said. "That's the kind of central-casting question that's kept people away from stocks for ages."
Not hard to figure out. When you can borrow at less than 1.5% and determine the value of your own collateral, there is no ceiling. This is the best legal pyramid scheme on earth.
Simple math will eventually take care of that.
wtf, futures have pumped this market to where it is today