Jim Cramer: Here's How Investors Should React to Market Highs

Credit: The Street
Published 2 weeks ago - Duration: 00:57s

Jim Cramer: Here's How Investors Should React to Market Highs

We've been getting a lot of news around market highs.

It's safe to say that the end of the week was certainly a turnaround from the start of the week.

We had the S&P 500 hit 3,000 this Wednesday, July 10.

And, then the Dow followed suit.

For the first time ever in trading, the Dow hit 27,000 Thursday, July 11.

Friday, July 12 saw the indices making even more record moves.

Curious about how retail investors should be handling the market?

Here's what TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer has to say: "I do say that this is a move, based on the fact that there's been no pin action to disappointment.

You know, that's different.

There's been disappointment, but no pin action.

So you take a company like Illinois Tool Works, that has so much auto, and you had bad auto and it doesn't go down.

If you're in those, I think you have to accept the fact that there's going to be volatility.

You'll lose some money.

But what I would do was always look at the stocks that are down 5% to 8% from their high.

That's my rule, five to eight.

And if you've been waiting like I have with Merck, you might be right," said Cramer.


You are here

Recent related videos from verified sources

Is a Storm Coming for Intel? What to Watch When the Chipmaker Reports Earnings 02:00
Credit: The Street - Published 9 hours ago 

07-17-19_AAP JULY_MAD MONEY QUESTION 00:58
Credit: The Street - Published 12 hours ago 

Jim Cramer: The One Company That May Impact Big Tech's Earnings 01:21
Credit: The Street - Published 13 hours ago 

Jim Cramer: Here's What It's Going to Take to Make Oil Investable 01:00
Credit: The Street - Published 13 hours ago 

You might like