Cramer: ‘Hatred’ for Stocks Is Unwarranted
More so than real estate or even stocks, investors call gold the "best investment" according to CNBC’s latest All-America Economic Survey, much to the dismay of “Mad Money” host Jim Cramer.
“I understand the hatred for stocks, but it's unwarranted,” Cramer complained Wednesday. “There's just too much money being made for stocks to be this hated.”
Instead of hating stocks, Cramer thinks investors should learn to love them.
“This quarter that's about to end has made you fortunes if you simply bought what you like,” Cramer said, noting Apple, for instance, has posted a 50 percent gain since the beginning of the year. Chipotle’s stock is up by 24 percent while Panerahas seen a 19 percent gain.
“With this many people despising the market, there's plenty of skeptics who can be converted into buyers, which makes me think this quarter's strength was not an aberration and there could be more to come, maybe much more,” he said.
When this story was published, Cramer’s charitable trust owned Apple.
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