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 ...
Is this the same Jim Cramer who was screaming to “buy FAANG” just last week?
He must have found the bump to sell his.
When/if that stimulus comes in, most of mine will go to increasing my hodlings
i watched the dot com bubble burst, and it was unbelievable to many. This feels similar. Many stocks have an ideal future priced into them, and the future won’t be pretty.
True, but what I want to understand is how the market can drop, how we are entering an inflationary period, and yet Go͏l͏d has been dropping $300 per ounce since its peak late last year. Wouldn’t the fed pumping dollars into the economy raise gold prices?
Gold is an anachronism. There is far too little of it for it to be any kind of basis for the amount of money in the world today. just my opinion.
GME’s run led to a big real estate transaction in Miami Beach. :^)
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Mrs. Bears has lost quite a bit of money over the years from listening to this fool.
this feels like a DS move to help justify and pass the stimulus pork bill. prove me wrong.
lolol
Biden’s market crash and his gasoline prices skyrocket - hope his voters are happy.
Sometimes no hodle.
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