On Wednesday, CNBC’s Jim Cramer advised investors to block bear markets and use failures to strengthen their portfolios.
“Their false selling creates an opportunity for you to buy a decline. You have to be confident that the seller is wrong and you are right. You have to believe – that’s what bears give you,” he said.
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Stocks rose Wednesday after Federal Reserve Chairman Jerome Powell said at a news conference after the central bank’s meeting in February that inflation had started to cool, but a moratorium on rate hikes could come soon. did not suggest
The market rally has reversed an earlier decline on the back of a quarterly rate hike. Cramer said the sell-off made sense last year when inflation was still skyrocketing and the central bank was aggressively raising rates, but a bearish approach to trading no longer worked.
“When the Fed says rate hikes are working, it no longer makes sense.
Cramer also reiterated his stance that the market is in bullish mode. In short, when the market bears are scared to sell, investors should jump at the opportunity to buy.
“People who continue to fight the bulls like they do today will be trampled because they think they are in a bear market. said. .
