«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%.
