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Jim Cramer says investors should not let a troubled market stop them from finding “better opportunities”




CNBC’s Jim Cramer said on Thursday that while investors should tread carefully while the stock market continues to storm, they should also not be afraid to take action to strengthen their portfolios.

“We want to be very careful about buying stocks with stories that can handle a downturn. … A good portfolio manager never sells his winners to finance the losers, even if it’s embarrassing. You have to give the losers the chance,” “Mad Money ยป-Verten sa.

The Dow Jones Industrial Average fell 0.33% on Thursday while the S&P 500 fell 0.1[ads1]3%. The technology-heavy Nasdaq Composite rose 0.06 percent.

“But we are not complacent, anyway. We are very concerned about the destruction of wealth, for example in crypto. We hang our heads on the once large FAANG shares. But we can never stop looking for opportunities,” he added. . , referring to his acronym for shares of Facebook parent Meta, Amazon, Apple, Netflix and Google parent Alphabet.

Cramer’s comments come after cryptocurrencies saw a sale that lost over $ 200 billion from the entire market in one day. Bitcoin fell below $ 26,000 for the first time in over a year.

Ether, the second largest digital currency, fell below $ 2,000 for the first time in almost a year. The Terra project’s UST stablecoin lost around 75% of its value on Wednesday before increasing slightly while its sister token, luna, lost around 98% of its value last week.

Stablecoins are seen as a safe haven by digital currency investors when the market is turbulent, but UST has fallen in value.

In his analysis of the stock market, Cramer emphasized its unpredictability, noting that Thursday seemed to be a perfect opportunity for a rally.

“The market should have jumped hard today because interest rates were down and there was no really bad news,” he said.

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