Jim Cramer on the Coronavirus and the Market Rally

Author:
Publish date:
Video Duration:
11:34

Let's go over what Jim Cramer is watching in the markets on Tuesday, April 7.

Stocks jumped Tuesday following the S&P 500's highest close since March 13 on continued optimism that major economies across the globe were seeing signs the coronavirus pandemic could be slowing.

Indications that the rate of the death toll from the coronavirus and new infections may be hitting their peak boosted U.S. equities on Monday.

Watch the video above for more.

What's on Cramer's Mind?

Cramer took to Real Money to break down what he's thinking about the market this morning.

"If you remember, back in the old days a dozen years ago, there was very little money for the companies that needed it most, especially the banks. The banks went on missions to find deep-pocketed sheiks and wealthy Koreans and sovereign wealth funds. Lehman scoured the world looking for a partner before the government mistakenly shut it down to punish their recklessness, something many still deny but is true. Morgan Stanley (MS) got Mitsubishi UFJ Financial (MUFG) as a partner. Goldman Sachs (GS) and Bank of America (BAC) drew to attention of Warren Buffett. But GM (GM) ? Washington Mutual? Wachovia? Bear Stearns? They didn't make it," Cramer wrote.

Got a Question for Cramer?

Send it in!

You can tweet at @ByKatherineRoss or @TheStreet or you can email at katherine.ross@thestreet.com.

Every day, TheStreet and I are looking for questions on the markets, send yours in for a chance to have it asked on the show.

If you're a member of Action Alerts PLUS, please continue to send your questions to the team at AAP.

Catch up on the Latest Videos on TheStreet!

Related Videos