CNBC's Jim Cramer on Thursday told investors he thinks the current market looks more like it did in the 80s and 90s before the dotcom burst.
"I think it is time to recognize that something has changed with this market, and I think it's a change for the better. For the first time since the 1980s and let's say early to mid 1990s, we have a lot of legitimate stocks belonging to many companies with amazing balance sheets and terrific prospects that are flat out doing very well," Cramer said.
Cramer shared his experiences trading on the market in the 80s and 90s, saying it was a recession-free period where investors made a lot of money without facing punishment for being "giddy." He said he feels the past few months have been similar, with the market seeing strong numbers come out each day even as the Federal Reserve tries to tighten.
"I just think it means that we may be back in business-as-usual mode, not back to pre-covid, not pre-financial crisis, but back to the eighties and nineties when stocks were really indeed so clearly the best asset class and everything else just seemed like a waste of time," Cramer said. "But maybe, just maybe, maybe there are enough companies with good sales and orders and gross margins that we can return to a period where owning stocks didn't make you feel like a pariah or a daredevil.""Look, here's the bottom line: stocks can still be dropped by a spike in rates like today, and there can be some big cap stocks that disappoint," he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CNBC Daily Open: Alphabet soars as Microsoft sinksBoth Alphabet and Microsoft beat estimates for the top and bottom line. But Alphabet shares soared while Microsoft fell.
Leer más »
Bitcoin (BTC) Price Shines Green, But Here Comes Jim CramerBitcoin goes green, but Jim Cramer's call leaves crypto community puzzled bitcoinnews jimcramer inversecramer bitcoin btc btcusdt $btc
Leer más »
Bitcoin and ether hold steady after the Fed raises interest rates: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rob Frasca, co-founder and managing partner at COSIMO Ventures, discusses investor appetite for artificial intelligence-based projects that focus on crypto and blockchain technology following the launch of Worldcoin, the OpenAI CEO's crypto project. Frasca also discusses the impact of financial institutions filing for spot bitcoin ETFs on the industry and markets.
Leer más »
CNBC Daily Open: Powell’s conference had something for bulls and bearsAt his post-meeting press conference, Chair Jerome Powell deftly negotiated expectations from market bulls and bears, somehow affirming both camps.
Leer más »
Judge imposes gag order on Sam Bankman-Fried as prosecutors allege witness tampering: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rebecca Rettig, chief legal officer at Polygon Labs, discusses the firm's 'Value Prop' tool, which lays out use cases for the crypto industry.
Leer más »
Game Plan 2023 highlights: Kevin Durant says his money is on Zuckerberg in Musk cage match, but he likes both X and ThreadsKevin Durant says his money is on Zuckerberg in Musk cage match, but he likes both X and Threads GamePlan23
Leer más »