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CNBC’s Jim Cramer reviewed a number of pessimistic sentiments on Wall Street over the past several months that have largely blown over, saying on Monday that sometimes market negativity is overhyped.
“You can always find something wrong if you really want to. It’s so easy that you can gin up mistakes on a daily basis,” he said. “Funny thing, though, when what went wrong goes right, nobody acknowledges it.”
Cramer primarily focused on a number of negative theories about tech companies, including Alphabet
. In the spring, investors were worried the Department of Justice’s monopoly ruling meant that the search giant would be forced into a breakup that would be undoubtedly punitive, Cramer said. But the stock jumped last week after a judge ruled Alphabet would not have to divest its search business. Cramer acknowledged that he even made a mistake in selling Alphabet shares for the CNBC Investing Club Charitable Trust.
