CNBC Television published this video item, entitled “Jim Cramer gives tips on how to prosper in the new market environment” – below is their description.
“Mad Money” host Jim Cramer said the stock market has reached a point where investors “typically tend to throw up their hands and give up on the entire asset class.” Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6
CNBC’s Jim Cramer on Thursday laid out his dos and don’ts for investing in the current market environment.
“If you accept your predicament and you follow these rules, you’ll have a chance to prosper in this brand new market. But if you try to cling to what worked last year,” the “Mad Money” host said, “I think you’ll get blown out just like the people who tried to stick with dreamer internet stocks during the dotcom collapse.”
The Dow Jones Industrial Average climbed almost 200 points higher on Thursday to 32,619.48. The S&P 500 moved up 0.52% to 3,909.52, and the Nasdaq Composite gained 0.12% to close at 12,977.68.
This is a tricky situation, despite the positive day for stocks, Cramer said, with the market on a weekslong downtrend. Whenever the market rolls over, he said, investors go through the five stages of grief: denial, anger, bargaining, depression and finally acceptance.
“We’ve now made it … to depression, even as the averages rebounded nicely this afternoon,” he said. “This is when lots of investors typically tend to throw up their hands and give up on the entire asset class.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
CNBC Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
