Global Courant
CNBC’s Jim Cramer warned investors Wednesday that while bulls and bears make money, pigs get slaughtered. Cramer said it’s time to cut some hot stocks and leave money waiting in the wings while the Federal Reserve considers its next move.
“It’s fine to take something off the table after a big run,” he said. “You don’t sell everything unless there’s something fundamentally wrong with the company or the entire economy right now, and it isn’t.”
For CNBC’s Charitable Trust, Cramer slashed the stock of Facebook’s parent company meta, amd And Costco because he had seen such high profits, especially in the last two. For Cramer, these prices got “pigish,” and he felt it was time to “call the cash register.”
“However, I think we’re in no man’s land right now — not high enough to warrant more sales, but certainly not low enough to buy anything because I want to wait for a better opportunity,” said Cramer. a solid catalyst to buy new stock.
Cramer also said he thinks the drop in the Volatility Index — otherwise known as the market’s fear gauge — shows many investors are becoming complacent, and it doesn’t help, he continued, that the Fed continues to send mixed messages. Cramer says it’s time for investors to put their bats on their shoulders instead of waving at every turn.
“I just told you what we do for the trust: wait,” Cramer said. “It’s often the hardest thing to do, but often the hardest thing to do is also the best way to try and make a lot of money.”
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Disclaimer The CNBC Investing Club Charitable Trust holds shares of AMD, Meta and Costco.
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