Posted on 03/04/2021 10:34:48 PM PST by 11th_VA
CNBC's Jim Cramer advised investors to build up cash and wait for the bottom as the market works through the five stages of grief.
"If you want to be able to bottom fish at lower levels, make sure you've got a little cash to be able to do it with ... because the real rally can't begin until we work through these five stages of grief," the "Mad Money" host said. "Once that happens, though, you don't want to miss it."
... Some investors are eager to buy the dip and continue to ride the bull run, but Cramer suggested that there's more room for equities to fall due to the bond market, adding that many are in denial about the state of the market.
The investment community has to go through the five stages of grief, which are denial, anger, bargaining, depression and then acceptance, the host said.
"Right now, even after a 6% decline, we've still got a ton of denial," Cramer said. "People don't want to believe the sell-off is real. The market's been so good for so long, and many newer investors have never seen this kind of pummeling, so the downdraft does seem pretty surreal."
(Excerpt) Read more at cnbc.com ...
And to you Libs, gas going up, and market going down ... how’s that Biden thing working out for you ?
I called a buy in SQQQ a week ago here at 12. Afterhours today was 16.28. Hope someone took the call. Also bought some GME around 66. Hit 142 today, and may see 200 tomorrow. Meme stonk. Lots of fun.
There was no fundamental reason for January 2021.
Congrats on GME !!! You nailed it!
The libs are ecstatic that you are unhappy.
When the virus started, fundamentals were tossed out. I made a little over the last year, but have been mostly on the sideline, wondering when reality would return.
Normal is dead. At least liberals will try to work it until it is dead.
Party City at $.54. Up as much as 1522%. Made a nice little pile of money with it
GME has yet to sort itself out?
Has it turned itself around on a forward looking fundamental basis?
Diamond Hands!
And interest rates are going up.
[ how’s that Biden thing working out for you ? ]
Higher gas prices and a transgender at HHS!!!
Another wonderful accomplishment by Democrats!
Tried to buy some leap puts (Jan 2022) sell some calls at $500, saying that they’re not allowing naked calls even at $500!
I figured some sense of normalcy would have returned by next January and GME would be back to earth.
i am getting a sense that the market is being manipulated
Yes. Be careful. Do not panic.
I’m sitting on the sidelines too. The market’s been so inflated there has to be more of a sell off before I get back in.
Hodl
I got out of everything back in January. I missed out on some money but I had a great run in 2020 and I didn’t want to risk losing those profits. I had a feeling that we were at the peak of the investment cycle back then and Joe Biden wouldn’t know what to do with that. He knows how to pump air into a flat tire but he doesn’t know what to do with an overinflated tire. So guess what? I’m sitting on a nice pile of cash that’s already locked and loaded into my brokerage account. Loving it. hehehehe
I made a lot of money in 2020. I had pulled out of the market back around August 2019 and was sitting on nothing but cash when Covid tanked everything. I ended up with a 50% ROI for the year. Now I have to pay taxes on all of it.
A 6% decline is really just noise.
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