And just like that, the waiting is over, in his daily interview with Street Lightning, Jim Cramer told TheStreet's Katherine Ross, his charitable Action Alerts PLUS portfolio is putting some fresh cash into the market, though cautiously.
"We've waited and waited and waited and we're doing everything in stages as we always do...and we're not being aggressive," Cramer said.
As of early trading Friday, the Dow Jones Industrial Average gained 31 points, or 0.12%, to 26,846, the S&P 500 rose 0.28% and the tech-heavy Nasdaq rose 0.8% as markets saw fresh hope for federal stimulus amid the coronavirus pandemic. The S&P 500 remained on pace for its fourth straight week of declines.
Markets have sold off throughout much of September amid weakness in the ever-dominant tech sector, fears of the continued economic impact of the pandemic and ahead of the upcoming presidential election.
Throughout the month, Cramer's team held off making major moves and expressed the continued need for caution.
"We said September would be terrible; we raised a lot of cash. As we get to the end of September, we're not as negative as we were, Cramer said.
"I do like the market," Cramer concluded.
Wonder which name Cramer's portfolio is buying Friday? Head over to Action Alerts PLUS.