« Once the speculators are blown out … and the stocks that are already down huge start rallying, then we can find a tradeable bottom, » the « Mad Money » host said.
The market euphoria is coming to an end after Wall Street was overtaken by rampant speculation, CNBC’s Jim Cramer declared after stocks fell hard Monday. « Once the speculators are blown out… and the stocks that are already down huge start rallying, then we can find a tradeable bottom, » the » Mad Money » host said. « We’re close, but the speculators haven’t been fully crushed yet. » On Monday the Dow Jones Industrial Average tumbled more than 700 points, turning in its worst day since October as all 30 stocks on the index slid. The S&P 500 and Nasdaq Composite both declined more than 1%.
