Prominent market commentator Jim Cramer recently advised investors not to get swayed by market bears and use their missteps to boost their own portfolios.[0] Appearing on a recent episode of Mad Money, Cramer noted that investors need to prepare for the bull market.[1]
Tuesday saw notable increases in stock prices.[1] The S&P 500 had its most successful January since 2019 due to strong earnings and positive inflation figures.[2] In contrast, the Nasdaq Composite gained a profitable January since 2001.[3]
Cramer proposed that Tuesday’s rebound indicates that expensive stocks would eventually experience a revival in the current market. Stocks rose in the market on the day following their dip to begin the week.[4] According to Cramer, the rebound of high-quality stocks on Tuesday demonstrates that the current market will eventually recover.
“Bear market goes the opposite way — stocks open up, then get clobbered and you feel humiliated. Good earnings mean nothing except price target cuts,” he said.[1]
Tuesday proved to be a successful day for the market, as the S&P 500 had its strongest January since 2019, the Nasdaq Composite had its highest return since 2001, and Bitcoin finished off the month with an impressive 40% gain.[2] Additionally, some critics argue that Cramer’s past experience as a hedge fund manager may have skewed his understanding of the market and led him to prioritize his own financial interests over those of his viewers.[5]
Overall, Jim Cramer believes that the current market trend is bullish and that declines present buying opportunities.[6] It is advised by him that investors should be ready for any downturns, which can be seen as an opportunity to invest in stocks of superior quality which are expected to recover.[3] He concluded by saying: “Even if it doesn’t reverse today, well then, there’s always tomorrow, so don’t think of betting against it.[7]
0. “Cramer: Bears’ Mistaken Selling Creates Chances To Buy Dips – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), S” Benzinga, 2 Feb. 2023, https://www.benzinga.com/analyst-ratings/analyst-color/23/02/30681070/jim-cramer-says-mistaken-selling-creates-opportunities-to-buy-dips-bears-still-dont
1. “Jim Cramer Says We’re in a Bull Market; Urges Investors To Buy the Dip” Watcher Guru, 1 Feb. 2023, https://watcher.guru/news/jim-cramer-says-were-in-a-bull-market-urges-investors-to-buy-the-dip
2. “Jim Cramer’s Crypto Market Prediction: Sell or Hold On?” Coinpedia Fintech News, 2 Feb. 2023, https://coinpedia.org/news/jim-cramers-crypto-market-prediction-sell-or-hold-on/
3. “Jim Cramer’s Bullish Outlook on the Stock Market: Opportunities Amid Volatility” Techstory, 1 Feb. 2023, https://techstory.in/jim-cramers-bullish-outlook-on-the-stock-market-opportunities-amid-volatility/
4. “Jim Cramer says we’re in a bull market, so buy on the dip” CNBC, 31 Jan. 2023, https://www.cnbc.com/2023/01/31/jim-cramer-says-were-in-a-bull-market-so-buy-on-the-dip.html
5. “Time to Sell Bitcoin? Jim Cramer Says We’re in a Bull Market” BeInCrypto, 1 Feb. 2023, https://beincrypto.com/jim-cramer-declares-bull-market
6. “What impact will the next recession have on the global economy? Jim Cramer of mad money gives us his opinion” Royals Blue, 7 Feb. 2023, https://www.royalsblue.com/what-impact-will-the-next-recession-have-on-the-global-economy-jim-cramer-of-mad-money-gives-us-his-opinion
7. “The Market Has Decided a Recession Is Coming, Says Mad Money’s Jim Cramer – Economics Bitcoin News” Bitcoin News, 7 Feb. 2023, https://news.bitcoin.com/the-market-has-decided-a-recession-is-coming-says-mad-moneys-jim-cramer