Yeah, President Trump started promoting mask wearing on twitter. A major shift and the stocks have been fitted from a reopening economy are higher today and thats how the dow jones gained 160 out performing the s p 500 but trouhe nasdaq. the cramer covid19 index is out. The recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say its patriotic to wear a face mask when you cant social distance there is nobody more patriotic than me, your president. End quote. Well, kind of the only one why does it matter because President Trump is the de facto leader of the anti mask faction. Thats why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. That emboldened people to take ridiculous stands against mask mandates invoking the first amendment
In times of crisis, and with the dow plummeting another 1338 points, s p plunging 5. 8 and nasdaq down 7. 0 were in a doozie of a crisis you simply could not do enough to help make things better our government should always error on the side of doing too much in these situations because you dont beat a pandemic by thinking small not unless you get very, very lucky. So far we weve been about as unlucky as it gets everything is going wrong at once in terms of being constructive let me tell you what i think needs to happen to stop the tsunami of selling in your stocks in your portfolio when i say we need to think big, i mean huge, it was terrific to see a bill pass the senate with massive bipartisan supreme copo that help the cause. The government has said that bars and restaurants should close down payrolls a payrolls hotels, airlines 59 billion, all jobs are in danger and many are already gone we need to write checks directly to the workers we cant afford to tear the fabric of society b
And we have executives at davos falling over themselves to take action against Climate Change, something that will hurt their earnings per share even if it may save the environment. Yet, none of that seemed to matter until midday and then ultimately, the dow dropped 152 points s p. After we learned that the coronavirus has reached our stores and boeing told us that the 737 max wont resume service until june or july causing its stock to crumble and taking the average down with it. The coronavirus is precisely the kind of outbreak that would have decked any other market right from the opening i mean, really cause it to plummet. And then what would happen is it wouldnt get off from the canvas it would stay down but this market was able to hang in there until that onetwo punch this afternoon well, this hasnt resulted in huge number of fatalities, at least not yet. The fact that respiratory viruss like this one are incredibly difficult to contain should play a role here. So far, it seems le
The only intelligent way to invest that is simply not true. After a roller coaster of a day where the dow dipped 40, nasdaq lost 0. 72 sell, sell, sell. Im going to prove to you ive said this before, ill repeat again, a low cost s p 500 index fund is a great way to get exposure to the greatest wealth of our time, the stock market. The bond market has been giving a pretty good run for the money. If you dont have much capital and trying to save for retirement put that money in an index fund imagine if i came out and said, hi, im jim cramer buy index funds. See you tomorrow i mean i guess i could do that but if i really believed in them and i do i think theres more to it if youve got some mad money, hence the show, to play with, or invest if youre mad at me about saying play, you can better returns as long as youre willing to do the homework plus when you nail a stock pick you get that joyous feeling of winning the lottery and this is rigged in your favor extra incentive rather than spend
The Switzerland market ended moderately lower on Thursday amid concerns the Federal Reserve will likely cut interest rate only once this year, as against earlier expectations of two or three reductions.