Jim Cramer Says: ‘We Saw This Bullshit Too Many Times In The 90s,’ He Needs To Stop Saying Every Tick Down Is From A Recession Scare”

Jim Cramer, the widely recognized financial commentator, recently took to Twitter to share his insight on the current state of the stock market. He pointed out that the recent rise in share prices is not due to strong fundamentals, but to actions by the Japanese central bank, which have eased some market pressures.

Don’t miss:

Cramer says this situation is similar to what happened in the 1990s, when the market was often affected by unclear factors, and the real reasons for large stock sales only became apparent later.

He is frustrated by how people are quick to blame every market decline on fears of a future recession. He believes this is too simplistic and that investors need to look beyond short-term market swings to understand what’s going on.

This comes after the recent stock market crash, which sparked widespread speculation about a potential recession in 2024.

Trends: Elon Musk and Jeff Bezos are optimistic about a city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more affordable.

State of the Stock Exchange Now

Despite recent events, the stock market has proven resilient throughout the year. Even with the recent downturn, it’s still up 12.15% year-to-date and 19.06% over the last 12 months (at the time of writing).

These figures suggest that while short-term declines may cause concern, they do not necessarily indicate long-term economic problems. The overall strength of the market has helped prevent worse declines, so it’s important for investors to keep this broader perspective in mind.

Trends: During market downturns, investors learn that unlike stocks, they High yield notes paying 7.5% – 9% are backed by resilient assets, protecting against losses.

The story continues

Factors Contributing to the Recent Stock Market Plunge

The market took a hit recently as the Nasdaq fell 3.4%, the S&P 500 fell 3% and the Dow Jones Industrial Average fell 2.6% due to a mix of factors such as geopolitical tensions in growth, disappointing economic data from major global economies. and central banks tightening their monetary policies.

However, a key factor was the Bank of Japan’s recent decision to raise interest rates, strengthening the yen. This major decision may reduce demand for Japanese exports and its currency, reducing investment in American assets.

See also: Don’t miss the next Nvidia – you can invest in the future of AI for just $10.

Are we in recession now?

Many investors are now wondering if recent market behavior means a recession is on the way. However, current economic data does not show that we are in a recession. While factors such as rising inflation and tighter monetary policies are challenging, they do not suggest an immediate economic downturn.

Cramer’s message reminds us that not every market decline signals a larger economic crisis. It’s easy to worry when stocks are falling, but it’s important to understand what’s causing the changes before jumping to conclusions about the economy.

Read on:

“THE SECRET WEAPON OF ACTIVE INVESTORS” Up Your Stock Game With The #1 “news & Everything” Trading Tool: Benzinga Pro – Click Here To Start Your 14 Day Trial Now!

Get the latest stock analysis from Benzinga?

This article Jim Cramer Says, ‘We’ve Seen This Bullshit Too Many Times In The ’90s,’ Must Stop Saying Every Tick Down Is From A Recession Scare originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.