Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
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The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.Bondsread more
The biggest mistake Jim Cramer sees investors make is thinking they are supposed to be fully invested at all times.
Heck, even some money managers have told him that they are supposed to have all their money in stocks.
This is complete nonsense!
Having cash on hand when a market correction occurs is the key to protecting a portfolio, Cramer says. Sometimes the market will stink, and there is nothing to do but just sit in cash.
"In fact, one of the chief reasons that I outperformed pretty much every manager in the business during my 14-year run as a professional money manager is that there were substantial blocks of time when I was largely in cash," the "Mad Money " host said.
Cash is the perfect hedge in an environment when the market hits dangerous highs and could protect from devastating losses.
Cramer considers cash the most underrated investment of all. Whenever he sees the market spike, he starts to sell a little and trim here and there to build up a supply of cash. He sells on strength and buys on weakness.
Otherwise, Cramer fears that investors could wind up selling their best stocks just to hang onto their worst stocks because the higher-quality stocks stopped going up — a big mistake.
However, investors must be aware that there are many circumstances that will cause the stock market to plummet. That means they need to be ready for a correction.
Having a pile of cash in your back pocket could mean the difference between good and bad stocks in your portfolio. And keeping a solid portfolio that will ensure that it will be able to bounce back from a correction. That means having cash to subsidize, instead of selling high-quality stocks, so you can outperform the best money managers out there, too.