Curious about Jim Cramer's newest acronym?
It's partisan acrimony per share.
This is Day One of the impeachment saga, Jim Cramer told his Mad Money viewers Tuesday. History tells us that this will be a great time for stocks, Cramer continued, but it's still too early to do any buying, TheStreet's Scott Rutt wrote in his Mad Money recap.
In case you missed it...
Democrats have officially decided to launch an impeachment inquiry into President Donald Trump.
The move by House Speaker Nancy Pelosi follows the Trump administration's refusal to release a whistleblower complaint about a phone call between the president and the leader of Ukraine earlier this year. During the call, Trump is alleged to repeatedly have asked for an investigation of potential Democratic Party presidential candidate Joe Biden. Trump withheld aid to Ukraine prior to the call.
"The actions taken to date by the president have seriously violated the constitution," Pelosi said in a prepared statement.
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