Facebook Twitter Instagram
    The Business Way
    • News
      • Automobile
      • Technology
    • Business Guide
    • Business Ideas
    • Agriculture
    Facebook Twitter Instagram
    The Business Way
    Home » ‘You can’t construct on quicksand’ — Jim Cramer warns traders to not make investments based mostly on false hope
    Business

    ‘You can’t construct on quicksand’ — Jim Cramer warns traders to not make investments based mostly on false hope

    adminBy adminMay 17, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    ‘You can’t build on quicksand’ — Jim Cramer warns investors not to invest based on false hope
    Share
    Facebook Twitter LinkedIn Pinterest Email

    CNBC’s Jim Cramer instructed traders on Monday that they should not let short-term rallies trick them into making optimistic buying and selling selections.

    “A rally based solely on the fact that everything’s going wrong is a rally that cannot and will not stand. It has no staying power, unless something actually goes right,” the “Mad Money” host mentioned.

    “So far, nothing’s gone right, so stop pretending otherwise and just get used to” the turbulent market setting, he added. “Because that’s exactly what the market has in mind for you.”

    Cramer’s feedback come after the Dow Jones Industrial Average inched up 0.08% on Monday. The S&P dropped 0.39% whereas the Nasdaq Composite decreased 1.2%, closing a unstable day of buying and selling.

    Soaring inflation, considerations in regards to the Federal Reserve’s rate of interest hikes and fears of a recession are a few of the financial elements at present roiling the market. Cramer additionally pointed to JetBlue’s hostile takeover bid of Spirit Airlines and the cryptocurrency market’s downturn as examples of headwinds.

    “Of course, the market actually goes down thanks to all those negatives. But then, like midday, because of all the hope out there, some of the averages start going higher and then that hope gets the hope machine going again,” Cramer mentioned.

    However, traders who commerce on false hope will solely make the market downturn worse, he cautioned.

    “I can tell you right now, this kind of wrong-headed thinking has characterized the whole move down: ‘Something to build on.’ … You can’t build on quicksand,” he mentioned.

    httpspercent3Apercent2Fpercent2Fwww.cnbc.compercent2F2022percent2F05percent2F16percent2Fjim-cramer-warns-investors-not-to-invest-based-on-false-hope.html

    Share this:

    • Twitter
    • Facebook

    Related Posts

    business business news Investment strategy Jim Cramer Markets Stock markets
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Related Posts

    High U.S. gasoline costs weigh on demand as customers begin to really feel the pinch, says analyst

    July 4, 2022

    Americans hoping for European holidays this summer time ought to put together for one factor: chaos

    July 4, 2022

    FTX indicators a deal giving it the choice to purchase crypto lender BlockFi

    July 4, 2022

    Leave A Reply Cancel Reply

    Recent Posts
    • High U.S. gasoline costs weigh on demand as customers begin to really feel the pinch, says analyst
    • Americans hoping for European holidays this summer time ought to put together for one factor: chaos
    • Minister given 'categorical assurance' PM didn’t learn about 'critical particular' Pincher allegations
    • FTX indicators a deal giving it the choice to purchase crypto lender BlockFi
    • Russian forces flip firepower on Donetsk after capturing Luhansk; Zelenskyy vows Ukraine will win again its land
    Categories
    • Agriculture
    • Arts
    • Automobile
    • Business
    • Business Guide
    • Business Ideas
    • Culture
    • Economy
    • Energy
    • Health
    • Investing
    • Magazine
    • Market
    • Media
    • News
    • Politics
    • Real Estate
    • Sport
    • Style
    • Technology
    • Travel
    • Wealth
    • World
    Archives
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • February 2022
    • October 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • January 2021
    • June 2020
    Facebook Twitter Instagram Pinterest
    © 2022 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.