Stocks declined Wednesday as investors awaited minutes of the latest meeting of the Federal Reserve.
TheStreet's Katherine Ross and Jim Cramer discussed breaking news in the stock market. Cramer spoke about trading behavior among younger investors, Jamie Dimon's letter and markets on Tuesday.
Cramer said trading is a selfish game unless you do it full-time. "Trading for instance is a catalyst game, like the CDC folding to Norwegian Cruise Line's (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report pressure to resume operations. That is a catalyst call."
Jamie Dimon's Letter
JPMorgan Chase (JPM) - Get JP Morgan Chase & Co. Report CEO Jamie Dimon said Wednesday that the current economic recovery could extend into a boom that lasts for another two years, but cautioned that rising debt levels and simmering inflation posed key risks that investors have yet to fully appreciate.
Cramer said the letter highlighted the theme of inequality.
Markets on Monday
Cramer said a lot of people are buzzing about Jamie Dimon and the boom that's coming. "I'm more focused on what can make money right now because that was a longer-term forecast. Once again there is a return to the highest growth stocks as if we're going to be in situations where people are not going outside. Roku (ROKU) - Get Roku Inc. Report moving means the stay-at-home story is very strong," said Cramer.
He, however, disagreed with this theory and urged investors to look for industrials and freedom stocks.
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