Stop Trading!: Extending This Rally
Tuesday’s rally could continue, Cramer said, if the European Union coordinated a rate cut with the U.S. Federal Reserve. The Dow was up about 435 points with less than an hour to go in trading.
The Mad Money host pointed to a host of reasons why the market was doing so well today, from an end in mutual-fund selling to a rebound from oversold conditions to a resolution in the Boeing strike.
“There’s a lot of good stuff happening today,” he said.
Cramer also made calls on Raymond James , Stifel Financial and Wells Fargo, as well as the New York Stock Exchange (“I have to believe even this one can bounce”). He also commented on a popping of the “green” bubble now that oil prices are down to $63.
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