Investing

Cramer worries after big ‘1999-like’ stock rally from coronavirus lows

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CNBC’s Jim Cramer said Thursday that he’s grown worried about the stock market’s ability to continue its robust rally from the coronavirus-driven bottom.

“I’m feeling uncertain here after a very big run, fourth-quarter 1999-like,” Cramer said on “Squawk Box,” a reference to the run-up in equity prices that preceded the 2000 dot-com bubble bust.

Cramer’s comments came after Wednesday’s worst single-session decline for the major U.S. stock indexes since June 11 as Wall Street responded to increasing Covid-19 cases across the country.

Shortly after Cramer’s remarks Thursday, stocks opened sharply lower as growing coronavirus infections and a higher-than-expected initial jobless claims…



Source cnbc.com

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