Why Jim Cramer Wants to 'Make Some Moves' in This Market

Publish date:
Video Duration:
1:41

Jim Cramer has some thoughts on the market. 

He said that the market makes him want to make some moves. 

Watch the video above for more.

Video Transcript:

Katherine Ross:
Good morning. I'm Katherine Ross and I'm joined by Jim Cramer. We're joining you via Skype this morning in our efforts to do our part of social distancing. Jim, what's top of mind for you this morning?

Jim Cramer:
Well, top of mind for this morning is this remarkable rally in all the things that were left for dead, retail, airlines, travel leisure. I mean, these stocks are up as if, this is really important Katherine, as if happy days are here again, and that the stocks went up, went down too much.

Jim Cramer:
Now, I am a believer that some of these stocks went down too much in the sense that even if, this is just terrible, these stocks don't go down that fast. I mean, it does. It bleeds over time, but I have a piece on Real Money this morning that talks about how capital is more available than it was, but I also want to preface that while capital is more available to us, that does not necessarily mean you want to own stocks, but I am, as we talk, making some moves because I do feel that there are situations that are up too much and that the club members need to know that we are on the case right now writing stuff up that is not being deterred by doing our videos, the free video, because I very much want to make some moves here now that the market is, I think, set up to go back down. Not necessarily today.

Jim Cramer:
When you open up big and you go down a little, if we catch a bid down, say catch a bid right around here, we will finish up for the day. That's not my point. We are at 12 and a half percent cash and I want to be up to 15% cash after putting so much money to work when we were going down. You need to be able to be ready for the next downturn and have that cash.

Katherine Ross:
And we'll be covering all of your moves live over on Action Alerts Plus, our daily rundown show right after this. Jim-

Jim Cramer:
Yeah, Katherine, I mean, it's funny when you asked me top of mind what I say is... Well, let me tell you what I've been telling top of mind. Top of mind is we got some stocks that we didn't buy right and I want to be able to sell some stuff if it's necessary.

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