Jim Cramer: This moment is a nightmare for the bears, nirvana for the bulls
"Welcome to the world of the bull market, 2021, where brokerage houses routinely raise their price targets each day, often on the same stocks, and the public just laps it up," the "Mad Money" host said. Subscribe to CNBC PRO for access to investor and analyst insights: cnb.cx/2Vtntx6
Investment firms are making a habit of raising stock price targets and the market appears to be confirming the calls being made by analysts, CNBC’s Jim Cramer said Tuesday.
“Almost every single time a Wall Street analyst says a stock’s going higher, perhaps far higher, the market proves them right. There are just that many bulls out there - people who want to believe,” the “Mad Money” host said.
“It’s incredible that something as prosaic as price target boosts are actually moving stocks higher, the ultimate self-fulfilling prophecies,” he said.
The comments came after major U.S. averages clawed back some of their losses Monday. The Dow Jones Industrial Average picked up 60 points to close at 31,068.69 with a gain of 0.19%. The S&P 500 inched up 0.04% to 3,801.19, and the Nasdaq Composite rose 0.28% to a 13,072.43 close.
“Welcome to the world of the bull market 2021, where brokerage houses routinely raise their price targets each day, often on the same stocks, and the public just laps it up,” Cramer said.
After the coronavirus pandemic and lockdowns last year led analysts to slash corporate estimates and price targets across various sectors, they are reassessing the path forward for businesses as they and the broader economy attempt to recover from recession, he said.
“Instead of a vicious cycle down the drain, we got a quick pivot, followed by what’s known as a virtuous cycle higher, led by the endless, ready-made price target boosts that Wall Street’s so good at,” he added.
Cramer said recent calls being made in research notes are fueled in part by last year’s historic government intervention, including by Congress and the Federal Reserve, in the first half of 2020 to absorb some of the economic fallout from coronavirus lockdowns. Cramer called it the “most effective federal response to a recession in living memory.”
The stock market recovered from the February-March meltdown and returned to new highs later in 2020 as Covid-19 developments sparked optimism on Wall Street about a V-shaped economic recovery.
“This moment is a nightmare for the bears but nirvana for the bulls, especially with the government finally pushing to vaccinate everyone over 65,” Cramer said. “As long as the virtuous circle of number bumps ... keeps propelling stocks higher, you’ve gotta stick with the bull market.”
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Mayuresh Indapurkar
天 前
This guy is to boomers what wsb is to millennials
Tim Wallace
2 天 前
The reality is that the bears are ready and about to pay off on the sell off and yes their is a catalyst. Look at the ev space and tell me what it is.
Hydross 77
2 天 前
That's why it fell today Damn Jim
N A
2 天 前
All a lie. The government is supporting stocks and spreading lies to fool the public. The system is collapsing and the fact is we had a society built on a lie. Time for the people to wake up.
N A
2 天 前
The market is a fraud. Cramer is a fraud. And the American government and market system is a fraud. Massive public looting and Cramer is a story teller. The end is near and the patriarchy is lying to the public. I smell fear and blood.
markw999
2 天 前
LOL. What a difference a couple of days makes.
XxChancex
2 天 前
Everyone needs to learn about the history of tulips if you want to understand the current market...
J G
2 天 前
unfortunately for Jim hes old school and missed any of the big gainers , for Jim 15% gain in 6 or 12 months is fine because he buys 150k of stock at a time , he's not got a single high growth tech stock , new energy stock or EV stock in his portfolio
Mayuresh Indapurkar
天 前
This guy is to boomers what wsb is to millennials
Ninka Joli
3 天 前
What is the Pfizer stock price prediction ? 🤔
Mark Cohen
3 天 前
Clown
BlokCrafters
3 天 前
imagine not believing the federal reserve has been injecting the stock market with endless money since 2008
H Pn
3 天 前
Market is reaction is like Trump won which he did. I'm holding.
Andrew Ang
3 天 前
just annoying..
kalef1234
3 天 前
GME GME GME GME
Sung Kim
3 天 前
When analyst start pulling ridiculous price targets out of their asses, you know the bubble is about to burst.
Gustavo Diaz
3 天 前
China hasn’t control any virus! China still lock down
Pierre RN
3 天 前
Fun segment!
M P
3 天 前
do everything opposite to Jim Cramer
Florencio Vela
3 天 前
i can't wait for my cybertruck tri motor fsd to be here.. may order the S dual or tri? got 27 solar system battery backup too.
Frugal Brando
3 天 前
Holding as always. Doesn't matter if it's nirvana, I'm in this for the long run.
Hoover E Londono
3 天 前
Só Irresponsible with all the political tension every one should be 60-70% cash there is no fundamental a for proce target
Francois Charbonneau
3 天 前
We got no where to spend our money, that's why the market is so high.
Joseph Turlais
3 天 前
Cramer being irrationally optimistic freaks me out more than when he is overly conservative haha (euphoria cycle?)
no cover
3 天 前
Cr’murica
t1hol
3 天 前
How do analysts increase Tesla stock target :D, based on what? It is now traded at 4300$ per stock...
Prashant Agarwal
3 天 前
mr cramer you were also cribbing abt real economy stocks everyday .. you are no different than bank analysts. all buggers!
Isaac Palmquist
3 天 前
Brrrrrrrrrrrrrrrrrrrrrrrrr
Isaac Palmquist
3 天 前
The dollar just keep getting hosed.
Porterhouse
4 天 前
That's why I'm loading $UVXY for 3 weeks now! Payday Cometh!
Amarchand Koya
4 天 前
everyone got their moment , you need to be there at right moment :)
Ant Green
4 天 前
This guy is annoying. Someone take away that stupid noise machine.
P S
4 天 前
Jim sounds drunk If you read this you immediately noticed he’s drunk
Ron Siegel
4 天 前
This guys going to lose his pants!
Burk Christopher
4 天 前
Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that
harrison allwell oliver
3 天 前
Expert Arthur Rogers is a certified broker I have worked with him for years
Sanchez Williams
3 天 前
@Gloria Benny +1 9 1 0 7 7 3 1 5 8 9
Sanchez Williams
3 天 前
I don't have his email but it will be easier to message him on Whats app
Gloria Benny
3 天 前
Please how can I get in touch with Mr Arthur?
Gloria Benny
3 天 前
I've seen different recommendations about Arthur's trading, he must be very exceptional for people to talk about him like this
Wise Capital
4 天 前
lol you guys are funny but I won't ever take you serious...
norich111
4 天 前
Is the "Feeding the Bull" Logo available as poster?
Youscary2009
4 天 前
Blah blah blah blah CHINA blah blah CHINA.
Youscary2009
4 天 前
This guy is worthless.
Ricky Jackson
4 天 前
People out of work, small businesses closing down, and sloppy joe can’t even string a coherent sentence together... yeah I’m going to sit this one out.
Lane Ziglar
4 天 前
Cramer is more right then wrong. Everyone thinks they can outplay the market
Jeremiah Cohen
4 天 前
JIMMMMMMMMY MC FUCKN KRAMSKIIIIIIISSSSS
J Boy
4 天 前
Nothing on Lucid Motors (CCIV) spac?
Paul Brady
4 天 前
There will be a lot of movies about this madness and this guy will be the villain.
RonReid
4 天 前
He is a pumper period
Brad Andrew
3 天 前
Then make money before the dump, scared money don’t make money brother
Mike Walters
4 天 前
Only thing he is correct on in the whole video is "this is unbelievable"
Reason
天 前
Keep buying guys. I've still a couple more positions I want to sell.
Mike Walters
3 天 前
@Terry Jackson Yes they have that's why I'm (and a bunch of others) are glad we're invested in this unbelievable market
Terry Jackson
3 天 前
People have been saying this since 2008.
typhoon320i
4 天 前
Gee.... I wonder if Steven Mark Ryan will pull this.....
bill ted
4 天 前
Didn't he lie in 2008?
ecdctechmma
4 天 前
This whole thing is going to crash like never before ..... we all know this.
Dweeb
3 天 前
Buy the dip
business king Pin
4 天 前
Thank you for truth
Mike L
5 天 前
Soybeans soybeans soybeans.
TheWereparadox
5 天 前
I've been to a bar full of bulls and bears.. they were all super nice to me. 😃
James Austin
5 天 前
FUBO
alberto f. Neumann
5 天 前
I stick with stocks that have a turnaround chance in a reopening play, where the chances of a pull back will not be so devastating since this companies are selling for peanuts now, beeing Boeing the mother of all.
Kenz300 x
5 天 前
Tesla is leading the way to a more sustainable future. There is a Climate Crisis. Individuals, politicians and corporations all need to do more to protect the planet from climate change.
David Strong
5 天 前
What happened to Gordon Johnson anyway 😵
JP JP
4 天 前
That species hibernates this time of year
Diane Hanks
5 天 前
what happened to the regular flu???? anyone can put anything on green screen ??? who to trust these days? follow the money
jasiel morales
5 天 前
I bought plug when it was $9
Dan Morris
5 天 前
At all times he has a 75% chance of being right on any short term call. But long term he is just 50/50 no better than a weather guy. If its raining today he says sunny days ahead if its sunny he says rain is just around the corner. Just a weather guy that screams the weather.
Dan Morris
5 天 前
Its simple 401 k and resistance to move off a long term is causing a steady market. As long as they do not get scared off their long term goals the market will stay steady. Duh!
Craig Kafura
5 天 前
Pent up demand . . . ?
Joe
5 天 前
Retail stock wizards on margin🔥👍🏻
Primitivo Diaz
5 天 前
Every single put strike price, for Tesla, last week expired worthless,. I don't think anyone expected the thing to move up over 200 dollars pretty much on no news, in one week. Lots of bulls turned millionaires.
Sarrav N
3 天 前
The term "Tesla soufflé" was coined by who?
SuperH
5 天 前
Not until we sell, and that wont be for at least 5 years.
CollattaQuad
5 天 前
LOWE's!
Arthur C
5 天 前
This is not self fulfilling prophecy, this is call market influences.
Liberty
5 天 前
I see this as a strong signal to add short delta. Thanks!
mrpmj00
5 天 前
buy AMAZON, ZOOM, FACEBOOK, NVIDIA, capitol riot means a covid19 petri dish; we need another lockdown. we have streaming and don't need to travel or go to a commercial theater and avoid covid19, mass shooting (gun sales doubled in 2020), police killing nonwhites like George Floyd, and exploding RVs like in Nashville, capitol rioters bringing pipe bombs
Brandon Camara
5 天 前
Just made a video about another home run stock no one on youtube seems to be talking about. It's already up 20% today
Shawn McWilliams
5 天 前
Just typical ....day after day ...same show
A H
5 天 前
Raising price targets everyday 🤣🤣🤣
Wuthithewin Somjit
5 天 前
He also said This is Bull market in 2008 lol then “The Big Short” few months later kicked in 2008
Stan Kozubenko
5 天 前
That's how it works. Bear markets follow bull markets, and then bull markets follow bear markets 😄
MrMrBiggles
5 天 前
If this guy is saying buy, its time to start hedging your positions, cause its about to drop, lol.
Jeremy Lawson
5 天 前
fr tho
Earl Celso
5 天 前
Tesla Raised to $1000
Helix 10
5 天 前
Get ready for the downturn. Sell high, buy low.
brian kukk
5 天 前
every corruptions will be exposed
brian kukk
5 天 前
the algorithm has been set for a word take over wake up
shockcityrocker
5 天 前
I mean, to be fair, a $1200 price target on Tesla will be considerably undervalued in time.....🤓
robert dunlap
5 天 前
Yes before the end of year!
Martial Henry
5 天 前
Buy stock and buy more cryptos too, I have invested into both and found that crypto investment is far better than stock
SM
5 天 前
@Walsh great risk management
SM
5 天 前
@Josh Abraham wow, more wisdom!
SM
5 天 前
@Davis Scott are you a profit or how do you know?
SM
5 天 前
@Henderson Albert what a wisdom!
Jessica Martel
5 天 前
Thanks for sharing this here... I just messaged him now hoping he replies me
brian kukk
5 天 前
wake up to the bull every dad not knowing when to buy
brian kukk
5 天 前
you have no idea how much cash is going to be pumped in to the market
Regan Parenton
5 天 前
I'm broke af
Jj W
5 天 前
Biggest bear trap in history since March last year.
Jj W
3 天 前
@Patrick Well, the TSLA and Bitcoin are the FOMO train, hard to catch and even harder to go all in on. Look to the future.....there are still pockets of the market that are undervalued especially with a longer time horizon. There will be pullbacks before full vaccine rollout and opportunities.
Terry Jackson
3 天 前
@Jj W Me too
Terry Jackson
3 天 前
@Patrick I was thinking the same...lol.
Patrick
3 天 前
@Jj W I am very salty. I wish I saw your comments in March. I'm getting angry thinking about the Tesla train and everything else...bitcoin
Jj W
3 天 前
@Patrick it was pretty clear to catch, did u miss it? Sounds like you’re the salty one 😂 Go read my comments in March and April, I called bear trap to all time highs, and I went all in, multiple comments on this channel.
mayhem1974
5 天 前
I smell a new “ The Big Short” coming.
J.Fun.K
2 天 前
@Roly The Holy Paladin Hey, so I tried looking back at the videos I had watched of Michael interviews and turns out they just had 2007, 2008, etc in the title, but were actually interviews from 2009, 2010, etc. Regardless, he still presented evidence that is very hard to refute against the housing market at the time. His arguments against Tesla...not so much.
TWN321
3 天 前
I think we just had one in March
Roly The Holy Paladin
3 天 前
@J.Fun.K oh for sure, that’s why I hope he’s right. I’ll be all in if it drops even 50% and 60 would make the deal even sweeter haha. So are those old interviews on CNwill? I looked a while back at “Michael burry interviews” but couldn’t find much for some reason. Especially back in 07. The ones I found were the first few years after the crash with him talking about water if I remember rightly
J.Fun.K
3 天 前
@Roly The Holy Paladin haha true. I was barely old enough myself, but I've been "researching" about all the past major crashes, industrial revolutions, etc. Also my dad always quotes "The Big Short". The videos of Michael on live TV from ~2007 bring evidence that is very hard to refute. That's also why I was so astounded to hear his weak arguments on Twitter. Even then his financial decisions always bring great weight. I'm betting he's wrong though. And if Tesla drops 60% at the next market crash, I'm buying more.
Roly The Holy Paladin
3 天 前
@J.Fun.K in either case, it’s a fun ordeal to watch unfold
brian kukk
5 天 前
there is a wolf in the market wake up ill keep selling my bit coin to buy it all i own ten million coin in one account times ten others
Sarah Bosman
5 天 前
JIM! WHY DIDN'T YOU RECOMMEND STOCKS STARTING MARCH LAST YEAR ? I WOULD HAVE DOUBLED MY MONEY!! TIMING IS EVERYTHING.
JP JP
4 天 前
I’m up 10x since March
SuperH
5 天 前
I way more the doubled my money.
alexhaskin
5 天 前
@Sarah Bosman right on! Keep it up
Sarah Bosman
5 天 前
@alexhaskin I got in a month ago and up around 8% in general. Guess I can't complain
alexhaskin
5 天 前
lol Sarah when did you get back in? I'm sure you're still doing well as long as you arent shorting or getting puts. this market is crazy
Chris B
5 天 前
Get behind steel and let it lead you out of the recession!
Evan Chinn
5 天 前
SteelGang
alexhaskin
5 天 前
steelbros
Oliver W
5 天 前
I love you man
Intelligent Eating
5 天 前
None of this is gonna end well
tony sales
4 天 前
unless it ends well
Bo McGillacutty
5 天 前
Analysts don't understand engineering, Jim is plenty smart but wrong about H.
Bo McGillacutty
5 天 前
I wouldn't mess with anything to do with H, you can trade anything but hydrogen/FCs have been around a *long* time with little advancement and not much room for it. IF high density LOW pressure inexpensive storage becomes viable then I'll reconsider, short of that it's DOA.
Peter
5 天 前
Jim Cramer is like an auctioneer selling himself stocks.
Shawn McWilliams
3 天 前
I have nothing against the guy but his voice is like nails on a chalk board and I swear he gets kick backs for pimping stocks.
Warner Bauer
5 天 前
We can't stand Shep Smith. We never watched him when he was at Fox, we're not going to watch him on traitor TV.
Warner Bauer
5 天 前
Does Jim Cramer realize that the DemoKKKrats stole the election? Does he care? Or is it a case of he'll lose his life if he dare say so?
Jhemp12
5 天 前
Cramer told me not to buy oil stocks so I bought oil stocks and now i'm rich!
thrustbarz batmon
5 天 前
@alexhaskin Oxy
alexhaskin
5 天 前
he said chevron is the only one. I got Hal when it was at 8 and doing good with that one
ProfitablePig
5 天 前
NOT ONE MENTION OF INFLATION. WHAT A CLOWN
Tim Markiewicz
5 天 前
Whatever happen to the CMKM scandal??
Sebas
5 天 前
Jim cramer is goated!
bill hillify
5 天 前
Thanks Jimmy
edouard beauvais
5 天 前
The Shepard Smith end slate is annoying.
Mike Walters
4 天 前
OMG Thank you for saying this. I think that every time
FamilyFirstJ
5 天 前
Facts
Renee Moreno
5 天 前
Call you Senators...demand the removal of45 immediately. Save our country...now.