Домой United States USA — mix Cramer says stocks are 'still badly oversold' even after Wall Street's big...

Cramer says stocks are 'still badly oversold' even after Wall Street's big rally

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CNBC’s Jim Cramer said Thursday that trying to get into the mindset of the stock market «can be hard to fathom,» especially with Wall Street’s recent volatility.
CNBC’s Jim Cramer said Thursday that trying to get into the mindset of the stock market «can be hard to fathom,» especially with Wall Street’s recent volatility on the developments surrounding the new omicron Covid variant. «Sentiment’s a fickle beast,» he added. The Dow Jones Industrial Average soared 617 points or 1.8% despite two more omicron cases being reported in the U.S. on Thursday while the market was open. Five more cases were reported after the market closed. Dow futures in after hours trading turned negative. The first U.S. case reported the day before swung the Dow from a 520-point gain to a 460-point loss. «Investors now seem to accept the omicron variant as just a new fact of life. Of course, if this strain turns out to be worse than delta and we start seeing a huge wave of hospitalizations, then we’ll look back on today’s bullishness as a temporary condition of insanity,» Cramer said on » Mad Money.

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