CNBC’s Jim Cramer said Wednesday that his favorite stock market indicator showed that it was time to buy stocks despite the bearish signs of the bond market. The host of “Mad Money” also explained why he made the ETFs grimacing. Later in the show, Cramer spoke with Barrick Gold CEO Mark Bristow about managing business during an outbreak.
Indicator says it’s time to buy stocks
Jim Cramer on “Mad Money”.
Scott Mlyn | CNBC
CNBC’s said on Wednesday that it was time to buy stocks despite the bearish signal from US Treasuries as fears over coronaviruses persist.
The host of “Mad Money” has indicated a confidence market indicator as evidence of his bullish call: the MarketEdge Short Range oscillator.
“I expect a mild recession based on weak travel and entertainment, but right now the oscillator says you should buy stocks, short and long term,” said Cramer.
Managing the business during an epidemic
Mark Bristow, President and Chief Executive Officer Barrick Gold.
Getty Images
Barrick Gold CEO Mark Bristow said it was possible for businesses to operate during epidemics if proper precautions were taken.
Barrick’s operations were located near the 2014 Ebola outbreak in West Africa, said Bristow on “Mad Money”.
“You can handle that,” said Bristow, stressing the importance of keeping track of who goes into the operations of a business.
Cramer says he’s embittered on sector ETFs
Traders work on the floor of the New York Stock Exchange (NYSE) on March 02, 2020 in New York.
Spencer Platt | Getty Images
Cramer said the recent market volatility should serve as the beginning of the end for sector ETFs.
“I know I’m ahead, but anyone who doesn’t see this peak index fund on the horizon is wrong,” said Cramer.
“Why own both the winners and the losers in an industry when you can just pick the most obvious winners?” Cramer added.
Cramer’s love at first sight
Luckin Coffee: “Well, you roll the dice with Luckin. We have a lot of rolls of dice. I don’t mind at all because in the end you are allowed to speculate. But think about it if you like coffee business, you have to buy the one that my charitable trust bought, and that would be Starbucks. ”
American Tower Corp .: “American Tower is good … Yes, I know the combination of T-Mobile and Sprint. I don’t care. We still need more towers and it’s going to be great for American Tower . ”
JD.com: “No. Listen. We have the Alibaba. How many should we be there? No.”
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Want to delve deep into the world of Cramer? Hit him!
Mad Money Twitter – Jim Cramer’s Twitter – Facebook – Instagram
Questions, comments, suggestions for the “Mad Money” site? [email protected]