Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- How you can't keep this market down
- How it isn't too late to still get in
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Cramer: You Can't Keep This Market Down
Posted on Nov. 25 at 11:41 a.m. EDT
Why doesn't this market go down? Here are five reasons: European banks, oil, Brexit, rate hikes and Trump.
These were part of major retreats in the market.
Last year, we had a rip-roaring, unsustainable bull market in Chinese stocks. People were opening four, five accounts and using margin to buy anything that moved. Of course, that had to end, and end in hideous fashion. Stocks got cut in half. Lots of companies couldn't get their stocks open. The market had a couple of 7% plummets. We thought the popping of the big Chinese bubble would lead to world catastrophe. I remember checking the markets every night at 9 p.m. to figure out how much my charitable trust would lose the next day.
Then one day the Chinese made a series of moves, removing the boss of stocks, bringing in someone new, banning short-selling and criminalizing the act of rumor-mongering stocks down. The West laughed. No government had ever been bigger than "the market." But these people were speaking about democratic government, not totalitarian governments.