Investing

‘Tempted to take’ other side of the trade in market selloff

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CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff.

“We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said that from what he sees, the U.S. is not heading in that direction.

“I’m kind of tempted to take the other side of the trade, looking for opportunities. It’s not like we just discovered the downside,” Cramer said on CNBC, noting that the U.S. stock market has dropped for three weeks straight and many of the biggest American tech companies have seen…



Source cnbc.com

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