CNBC’s Jim Cramer reviewed Tuesday’s pullback, saying the market was due for some declines.
CNBC's Jim Cramer reviewed Tuesday's pullback, saying the market was due for some declines, and investors are perhaps interpreting companies' quarters with more scrutiny than they had during the preceding eight-day rally.
"We're getting back to reality, where good is good and bad is bad and never the twain shall meet," he said."In short, the market's rational again.", saying the market was due for some declines, and investors are perhaps interpreting companies' quarters with more scrutiny than they had during the preceding eight-day
"We're getting back to reality, where good is good and bad is bad and never the twain shall meet," he said."In short, the market's rational again."dipped 0.33% by close. The S&P 500 would have posted its longest winning streak since 2004 if it had finished the day up. Cramer suggested that there was an"odd pattern" occurring during the rally where many companies saw shares jump after reporting whether the quarter was better than expected, better than feared or even bad — with Wall Street assuming business would improve once the Federal Reserve issued rate cuts., which reported during the market's winning streak. Both retail home improvement companies discussed uncertain consumer demand, with Home Depot saying itits full-year outlook.
"Now the good news is that these are all subtle. There was no head bashing here," he said."We're not having one of those roaring openings and then a pirouette down that takes your breath away and causes people to run for the hills."On the 20th anniversary of Google's IPO, Cramer talks owning stocks for the long haul
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