Monday - Friday, 6:00 - 7:00 PM ET
CNBC’s Jim Cramer on Wednesday explained why he thinks this market is favorable for buyers, saying there is widespread bullish fervor that reminds him of times before the dotcom bubble made some retail investors less interested in the market.
“Yes, the good times are rolling,” he said. “It’s not the end of the world. It’s just the end of the staid world of just nothing but index buying.”
Cramer celebrated Wednesday’s session, which saw the major indexes soar to record heights. He said it’s a “mad dash” to make money in a variety of places, including mergers and acquisitions, initial public offerings and “giant upside surprises.”
Retail investors lost their enthusiasm for investing after the bear market of the early 2000s, he said. To Cramer, some investors did not expect to make much money in individual stocks, except for certain giants that made up FANG and the Magnificent Seven.
