SLG - Jim Cramer Dismisses Bearish Market 'Scares' After Wednesday's Rebound: 'No Need To Pretend That The Sky Is Falling' | Benzinga
Jim Cramer, the host of CNBC’s “Mad Money,” has urged investors not to be alarmed by the recent market fluctuations, dismissing five bearish signals as part of the normal market cycle.
What Happened: Cramer, in his Wednesday show, highlighted that the market has experienced similar “scares” in the past and bounced back, reported CNBC. He advised investors to maintain a level head, stating, “It’s just business as usual — no need to pretend that the sky is falling.”
"All I ask is that when these professional bears come on, could they just remember that this is not the day after Pearl Harbor," he said.
Cramer warns of a looming commercial real estate crisis that could impact regional banks but cites the resilience of major players like SL Green Realty Corp (NYSE:SLG).
Despite uncertainty about the Fed’s next move, he sees the current market as ripe for buying opportunities. Earnings season defies expectations, with even disappointing results driving stock gains.
Cramer advises capitalizing on the dominance of Big Tech in the market by buying low. He backs ...