CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.
What Happened: Cramer, during his show “Mad Money,” on Wednesday, highlighted the possibility of the market continuing its downward trend, CNBC reported. He warned investors against making sudden decisions to buy or sell.
He said, “If you want to get out, go ahead. But I would say that the time to sell was when the market was going parabolic. The time to buy is when the parabola finishes, comes down dramatically. We don’t know when that moment will come yet, but at this point, you sure aren’t buying at the top.”
The market experienced a decline on Wednesday, with the S&P 500 recording losses for the fourth consecutive session. The day began with a rise in stock prices, but this was followed by a fall, primarily due to losses from major tech companies such as NVIDIA Corp (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), and Microsoft Corp (NASDAQ:MSFT).