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Tuesday, January 30, 2018

OMG Has Jim Cramer Been Converted ?

 I gave up on watching CNBC and Cramer in particular years ago (I stick to the great reporting on Bloomberg)

But surfing around finance sites I found this(below). It seems the biggest tout for short term trading and stock picking has seen the lioght...at least for 24 hours.

via Yahoo finance:

On a down day for the major averages, CNBC's Jim Cramer said that investors should look at Monday's broad-based dip as an opportunity. "If you've been waiting for a pullback to do some buying, this is your moment," the "Mad Money" host said. "This week we're going to run a gauntlet of important earnings reports, and while I think we can get through it OK, I bet there will be some damage. And you know what? That damage is [the] first chance for long-term investors to buy into weakness this year." Cramer said investors should use the pullback to buy into an index fund, putting a small portion of their funds to work each day to hedge against uncertainty. With a fifth of the S&P 500 reporting earnings

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