Finance

Don’t let Monday’s sell-off scare you out of the market entirely, Jim Cramer says

advised investors not to leave the market entirely because of the massive sell-off. He said to remember there is always a bottom and stocks can recover. Cramer then recalled late CNBC anchor

CNBC’s Jim Cramer advised investors not to leave the market entirely because of the massive sell-off. He said to remember there is always a bottom and stocks can recover. Cramer then recalled late CNBC anchor Mark Haines, who correctly called a market bottom on this date back in 2009 during the financial crisis.

“So, in honor of the Haines bottom, remember, even when it’s terrible out there, and it is terrible, stocks do bottom, and you have to do a little buying,” he said. “The lack of clairvoyance of Haines, well, I plead guilty to that. But we know that you have to do some buying because, well, it’s been right since 1979. So I have to ask you something, are you willing to bet that this time it’s wrong?”

By Cristopher Reilly News Reader
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