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All good things must come to an end, Jim Cramer said Thursday on CNBC’s “ Mad Money .” While investors tend to trade off of broad sector moves, reality sets in when earnings season swings around they get hit with the cold, hard facts of how these companies are really doing.
Stocks trimmed their losses at the end of topsy-turvy trading on Wall Street today, but the major averages were still lower across the board. The Dow Jones fell 24 points, or 0.2 percent at 12,602; the Nasdaq slipped 25 points, or 0.9 percent to 2,849 and the S&P 500 notched down 0.2 percent to trade at 1,329. On news of a canceled EU summit press conference, investors grew hopeful that European leaders were working to find a compromise.
“You can't invest in rumors,” Cramer said. So let’s focus on the facts instead.
He said today’s earlier sell-off had less to do with the “big bad” Obamacare decision and the lack of decisiveness in Europe, than it did with the onset of earnings, which are just around the corner.
With that in mind, the “Mad Money” host broke down what to expect from key sectors.
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