Cramer predicts no immediate market-wide decline, despite recent gains.
- On Monday, CNBC's Jim Cramer stated that he believes the market will continue its upward trend for an extended period, contrary to some predictions of a decline.
- We won't experience a decline if we don't sell in large quantities," he stated. "There are too many individuals who desire entry but haven't had the opportunity, while too few are interested in exiting.
On Monday, CNBC's Jim Cramer stated that he does not anticipate a market decline in the near future.
Cramer believes that the momentum of the major indexes may continue for a longer period than anticipated, and sellers are reluctant to exit the market.
We won't experience a decline if we don't sell in large quantities," he stated. "There are too many individuals who desire entry but haven't had the opportunity, while too few are interested in exiting.
Cramer conceded that there are reasons for investors to worry about market froth.
The semiconductor company has sustained its rally since reporting earnings last week, with shares doubling since before the report. Today, the stock rallied without a clear impetus, leading Cramer to believe it was fueled by "pure momentum."
Although some may have doubted the possibility of stock reaching such high levels, Cramer said that the stock's dominance in the powerful artificial intelligence sector makes it uncertain if it will experience a pullback immediately.
He stated that the presence of "individual signs of excess" does not necessarily indicate that the rally is near its conclusion.
Do you want to leave the hot hand, table, and dealer and buy the cashmere sweater you always mention?" Cramer inquired. "No, even when it's the right thing to do, at least for some of your cash.
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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia.
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