Jim Cramer, the renowned host of CNBC’s Mad Money, recently shared his opinion on the current market selloff. According to Cramer, six things must happen before this market downturn can end: a resolution to the trade war between China and America; an increase in consumer spending; a decrease in corporate debt levels; more clarity from central banks around monetary policy decisions; progress on Brexit negotiations with Europe and Britain reaching an agreement over their future relationship.
Unfortunately for investors hoping for relief soon, it doesn’t appear as if any of these conditions have been met yet. “Unfortunately,” said Cramer during President’s Day weekend sales event coverage “this President’s Day sale doesn’t feel like it’s over.” He went on to explain that until one or more of these issues is resolved investors should remain cautious about entering into new positions in the stock market.
Cramer concluded by saying that while he believes we will eventually see some positive movement within markets once one or several of these conditions are met, right now is not necessarily a good time for taking risks with investments without doing extensive research first. Investors should be prepared to ride out this storm until better news arrives – but at least they know what needs to happen before they can start looking forward again!
Read more at CNBC