Markets moved higher into intraday trading as Wall Street kicked off the first day of August trading.
Speaking to Action Alerts PLUS senior analyst Jeff Marks, Jim Cramer admitted that he was a little nervous as August began. Drawing from his decades of experience, Cramer said 1987 has continued to approach the dog days of summer with caution.
August has historically been the worst month of the year for the markets since 1987
"I don't like August because there's always a swoon," Cramer said.
So what's his advice for those looking for advice on how to approach the month?
"Those who are traders, I would take a little off. For those who are investors, maybe wait until you get prices, unless your stock has been hit," Cramer said.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/2/21