Jim Cramer Says Momentum Names Will Not Take Over the Market
<I>TheStreet's</I> Jim Cramer says momentum names like Workday, Splunk, and Salesforce.com are not much of a factor and will not bring down the market as the momentum 'cohort' had in 2000.
TheStreet's Jim Cramer says momentum names like Workday, Splunk, and Salesforce.com will not bring down the market as a whole. Cramer says the last time a "cohort" this large took over the market was in March of 2000. But, Cramer believes that right now momentum names are not much of a factor. Looking back to the last bottom, Cramer says it was actually good for other areas of the market that started to outperform, like utilities, consumer packaged goods, and oil.
