Jim Cramer breaks down Monday's sell-off: Still see no reason to buy financial news

by sdfghjWWErtykjbv

“Mad Money” host Jim Cramer said Monday he still has yet to find a reason to buy stocks amid the September pullback. Subscribe to CNBC PRO for access to investor and analyst insights:

CNBC’s Jim Cramer said Monday he expects the selling on Wall Street to continue, suggesting investors wait before buying and taking advantage of the pullback in stocks.

“Mindless dip-buying has been a great strategy for the past 15 months, but it’s worthless in the face of a serious sell-off, which is what we have now,” the “Mad Money” host said.

“I’ve been encouraging you to sell ahead of what’s usually the weakest time of year. I can’t turn positive until I find an actual reason to change my mind. For the moment, we’re not getting any,” he added. “So, please, if you want to be a buyer, find a reason to buy. Let the pain of late September unfold before you try to pull the trigger.”

See also  Retirement Planning | How to Plan & Invest for Your Retirement | ETMONEY financial goals worksheet

Cramer’s comments Monday came after the S&P 500 registered its worst performance since May 12, dropping 1.7%. The Dow Jones Industrial Average sank 614 points, or 1.8%, while the tech-heavy Nasdaq declined 2.2%. At its lows Monday, the blue-chip Dow was down 971 points.

All three major averages are down more than 3% so far in September, which is a historically rough month for stocks as Cramer has warned for weeks.

There are multiple factors weighing on Wall Street beyond just seasonality, Cramer said, pointing to concern about the struggling Chinese property developer Evergrande and Beijing’s response to its financial woes. Additional worries for the market include gridlock in Washington on debt-ceiling negotiations, uncertainty about whether U.S. Covid cases are actually peaking and the Federal Reserve’s two-day policy meeting that begins Tuesday.

He also expressed concern about the number of new public listings leading to excess stock supply, as well as what Cramer believes is a calming, at least temporarily, in meme stocks such as GameStop.

See also  What is Financial Intelligence - Financial Literacy financial intelligence

“I can’t honestly turn bullish on this market until you turn bearish, until we come up with some rationale for why the selling is going to stop. Right now, we simply don’t have one,” Cramer said.

“So we sit tight and wait for something that might compel us to buy a stock because we think it’ll go higher,” he added. “For the moment, though, we’ve got nothing to hang our hats on. … If anything, we have a lot of reasons to sell, including tonight’s report from Lennar where the great homebuilder actually missed guidance.”

» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:

See also  Lecture 1|5 MCQs a Day|Finance (Numerical)|RBI Gr B|SEBI Gr A|2019 rbi grade b finance

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:


Images related to the topic financial news

Jim Cramer breaks down Monday's sell-off: Still see no reason to buy

Jim Cramer breaks down Monday's sell-off: Still see no reason to buy

Search related to the topic Jim Cramer breaks down Monday's sell-off: Still see no reason to buy

#Jim #Cramer #breaks #Monday39s #selloff #reason #buy
Jim Cramer breaks down Monday's sell-off: Still see no reason to buy
financial news
See all the latest ways to make money online: See more here
See all the latest ways to make money online: See more here

You may also like


C Richards 24/09/2021 - 9:02 PM

…and the market roared 2 straight days after this video…lol

John Yen 24/09/2021 - 9:02 PM

lol what a clown.

cee gee 24/09/2021 - 9:02 PM


Simon 24/09/2021 - 9:02 PM

if you did opposite of what Jim says, you would actually be rich.
In 2008 Jim recommended to buy into CDOs because they cant go down.

Edward Aldrich 24/09/2021 - 9:02 PM

Don't BUY! I have to hide the fact that I am shorting stocks – nice one Cramer.

James 24/09/2021 - 9:02 PM

Kermit! 6:04

Arthur Korff 24/09/2021 - 9:02 PM

Don't disparage your audience jim

Joshhua Ray 24/09/2021 - 9:02 PM

Jeff Koons is not a sucker; Damien Hirst is a Great 💯🎯🎯🎯 Buy buy buy 😀😹 on the way downtown 🙂💯

PrimeDrift 24/09/2021 - 9:02 PM

Cramer, I love you man… but you really have to stop telling people to sell their Bitcoin every time there is China FUD.

1) Tether has no exposure to Evergrande. None. Zero. Zip. Zilch. Nada.

2) Did you really just say you'd like Bitcoin more if Communist China was backing it? Lololol.

Now that China's miners have left the country, miners everywhere else will be MUCH MORE PROFITABLE.

Take a look at the RIOT blockchain chart. Or better yet, have someone who is actually good at TA look for you. MAR 40C are a steal at $4.50

sky 24/09/2021 - 9:02 PM

Check Avax and SOLANA after bitcoin

Kevin Chaplin 24/09/2021 - 9:02 PM

Don't buy the dip, that's crazy!
Buying the dip is the only way I have made money in the market.

m m 24/09/2021 - 9:02 PM

lol there is not a single positive comment about this dope

mrslugur 24/09/2021 - 9:02 PM

7:10 JIm finally lost it

Elevated Finance 24/09/2021 - 9:02 PM

Clown Show 🤡 Always be skeptical of a snake in the grass he's paid from the same guts that have bets against your future trades. Front running is illegal amoungst many other offenses.. Wake up folks

m m 24/09/2021 - 9:02 PM

It's amazing how CNBC found a real live walking talking bell-end to get up there and shill like that for years.

TheJohnnyCashish 24/09/2021 - 9:02 PM

He’s got a lot on a short position. So so many others. He can’t hide it well

Bobby Chavarria 24/09/2021 - 9:02 PM

Why you mad Cramer? 🤣🤣🤣🤣

Bobby Chavarria 24/09/2021 - 9:02 PM

Cramer: Don’t buy the dip!
Me: Keeps buying dips. 🤣

Ooo Mmm 24/09/2021 - 9:02 PM

yea get REKT

James Chanda 24/09/2021 - 9:02 PM

He has been right like 3 times in 12 years

marcell.newman 24/09/2021 - 9:02 PM


marcell.newman 24/09/2021 - 9:02 PM

Brian Keely 24/09/2021 - 9:02 PM

Wrong !

Norcalbucks 24/09/2021 - 9:02 PM

I see people are still into wasting their time on lies and fabrications…


Leave a Comment