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‘There’s not enough stocks to go around’ — Cramer says that’s a key factor in market rally

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The stock market is off to a strong start in 2021, after robust gains last year despite the coronavirus pandemic. According to CNBC’s Jim Cramer, one reason for the continued rally in equities is, simply, a lack of people willing to sell.

“There’s not enough stocks to go around,” Cramer said on “Squawk Box.” “The stock market is not divorced. The stock market is reflecting the strength of individual companies. There are 500 companies in the S&P. Probably 400 of them are doing better than we thought” they would be doing during a pandemic.

On Thursday, the Dow Jones Industrial Average and S&P 500 closed above 31,000 and 3,800, respectively, for the first time. The Nasdaq also eclipsed 13,000…



Source cnbc.com

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