Why Jim Cramer is Bullish on the Stock Market
Growing coronavirus concerns and a polarizing election be damned
Despite a year of craziness and uncertainty, the stock market is on fire. After seeing the Dow drop 38.4% in a matter of five weeks, the market has bounced back with the Dow not far off from its yearly highs.
The craziness of 2020 is far from over, however, and one shockwave of news could send the markets into a tailspin once again.
There are still two major looming questions that could impact markets drastically: who will win the U.S. presidential election and will we ever get a handle on coronavirus?
As for the coronavirus, there may not be much more of a toll it can take on the market. Despite little change in cases and deaths over the past few months, the market has powered through. As soon as local economies opened back up and companies became aggressive in working on a vaccine, the market has responded positively.
The U.S. market has been good, but some foreign markets haven’t been so lucky.
With rising cases across Europe, the Stoxx 600 saw a dip in its exchange last week that worried investors in others countries.
Jim Cramer of CNBC said rising cases should not worry investors, though, as “there will…
