Investors need to be “disciplined” and selectively buy as stock prices fall, CNBC’s Jim Cramer said Tuesday.
“Remember when we said that a lot of shares could go down, it could be interesting and that a combination of high buy, dividend and profit can overcome the chaos … I really think the money can be turned away.” The host of “Mad Money” said.
“Take some money and start it slowly, in a disciplined way, on the downward path … then you’ll catch the bottom of the saying,” he added, acknowledging that it’s not clear when the market will actually arrive.
Cramer’s comments came on Tuesday after a fall in U.S. stocks as Russia continues to shake up Wall Street and huge inflation on Wall Street. The Dow Jones Industrial Average fell by about 1.76%, or almost 600 points. The S&P 500 was down 1.55% and the Nasdaq Composite was down 1.59%.
Although the market has risen in recent weeks, Cramer has previously blamed strong US economies and investors’ feelings on economic sanctions on Russia, and warned that the host has no false hopes of a quick recovery in the market.
“You’re a jerk if you think things are getting worse for the stock market recently and could get much worse,” he said. “It’s been going down since November thanks to that endless sale, but you know, maybe we’re a lot closer to the bottom than the top,” he added.
Cramer says stock markets should be selective as the market finds its bottom
Source link Cramer says stock markets should be selective as the market finds its bottom