CNBC’s Jim Cramer on Monday expressed concern about the stock market’s recent rally getting too far ahead of the economy’s recovery from the depths of the coronavirus pandemic.
“Where are the sellers?” Cramer asked. “It’s almost as if people decided Covid is over. It’s a ‘V-shaped’ rally, and you better get on board.”
The Dow Jones Industrial Average was up another 200 points early Monday after surging 829 points, or nearly 3.2%, on Friday.
“The Friday rally, as sweet as it was off the employment number, has not brought out any sellers. I often think that there has to be sellers at a certain level,” Cramer said.
Cramer acknowledged that states reopening their economies is bullish for the…