Saturday, May 31, 2025

Latest

Markets are Headed for Bull Territory? Jim Cramer Seems to Think so

Jim Cramer, best known for his contrarian market evaluations, expressed exuberant emotions last week and boldly declared that the bear market is officially over.

The CNBC TV personality passionately exclaimed on Friday that recent market conditions have been situated in bear territory, and will now reverse into a bull market. “There are 600 companies that came public in the last 18 months. There’s like seven of them that trade north of nine bucks. This is the bear market, just like 2001, except for we have rates much lower,” he said.

“I’m looking at all the companies under $10, many of them are actually making money. We are in some weird market, that is a bear market, and that no one called it as a bear. And I think the bear market is over,” Cramer added. The TV commentator was referring to SPACs priced below $10, which generally are situated around that price level. According to data from Tuttle Capital Management, there were a total of 613 SPACs that made their IPO debut in 2021, with another 52 joining the list since the beginning of 2022; however, companies that have since merged with their target reported average returns of -33.7%.

Alas, according to Cramer, it means markets are now headed for an upwards trajectory against a backdrop of the highest inflation in over 40 years, rising interest rates amid an inverted yield curve, oil prices above $100 per barrel, and worsening global food shortages.

Does that sound like a recipe for a bull market?

We will just leave our audience with this…


Information for this briefing was found via CNBC and twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

The Biggest Mismatch in History: Inflation Soars to Near Double-Digits, Economy Barrels Towards Recession… ECB Raises Rates to 0.75%

The European Central Bank finally decided to jump on the bandwagon of monetary policy panic,...

Thursday, September 8, 2022, 11:14:04 AM

The Manchin Surprise: US Senator Now Supports Biden’s “Inflation Reduction” Tax Agenda

It has been called by many names but US President Joe Biden’s attempt to enact...

Saturday, July 30, 2022, 09:00:00 AM

Annual Inflation Jumps to 2.2% In March

Annual inflation levels across Canada jumped to 2.2% in March, largely due to the drop...

Thursday, April 22, 2021, 10:44:00 AM

Canada Sees Inflation Rise By 2.9% In January

The Consumer Price Index in Canada experienced a notable deceleration in January, rising by 2.9%...

Tuesday, February 20, 2024, 08:55:40 AM

Canada’s Inflation Levels Accelerate by Most Since Beginning of Pandemic

It appears that Canadians are beginning to experience some of the price pressures associated with...

Thursday, December 17, 2020, 10:01:00 AM