The general public has started trading fixed-income securities for stocks, Cramer said during Monday’s Stop Trading!. He pointed to Boeing and Merck, whose share prices “are flying,” as proof.
There’s been little good news from either company, Cramer said, but that hasn’t stopped Boeing and Merck from pushing higher. That’s often the case when new money from retail investors floods the market, usually the S&P 500. Cramer also noted that the run since last spring happened largely without this influx of cash.
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“The retail investor hasn’t touched this market at all,” the Mad Money host said.