Jim Cramer says investors should take some profits with markets poised to cool off.
$3B家居(BBBY.US$ CNBC’s Jim Cramer on Wednesday said the market could continue to stall out after Wednesday’s slump and urged investors to trim some of their positions.
“Things can still go right. I don’t want to freak you out. I just think stocks need a cooling-off period after this miraculous run, and we’re getting one for certain,”
While the stock closed up 12% on Wednesday, shares of the retailer tumbled 14% in extended hours after Cohen said he plans to get rid of his entire stake in the company.
“We could see another big pullback like we saw after almost every other meme frenzy,” Cramer said.
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RDK79 : Yes, I guess ‘we could’…. but then again I guess ‘we couldn’t’. I want that job!!!!
Cramer ETF OP RDK79 : That sounds like a lot.