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CNBC Television Jim Cramer: I think the stock market revisits and tests the lows from Christmas Eve 2018

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🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: CNBC’s Jim Cramer said Wednesday he would start to put cash to work after the Dow Jones Industrial Average nears its December 2018 levels. Coronavirus chaos reigns. The Dow Jones Industrial Average plunged 1,400 points, or 5.6%, to a new low on Wednesday as the World Health Organization declared the fast-spreading coronavirus a global pandemic. Here’s how five market commentators interpreted this market downturn: Coronavirus stock market predictions Stephanie Lang, chief investment officer at Homrich Berg, said the market may be nearing a bottom: “What we’re trying to determine at this point is, is this going to be a short-term economic shock or is this going to start feeding into business confidence and consumer confidence where you ultimately see businesses get worried and start laying off workers and that translates in the consumer? The consumer has held up the economy the last couple years, so, we’re looking for signs that there is some impending weakness. I think from a stock market perspective what you have to determine is what is actually priced in at this point. ... Right now, earnings expectations are still around 7% for 2020. We don’t think there’s any possibility of that, but if you assume flat earnings for 2020 and apply a 16-times multiple, we could see a little downside from our lows on Monday, maybe 5-10%. So, I think we’re getting in the vicinity of where stocks could be more attractive. It all depends on, ultimately, how the coronavirus plays out and what kind of economic shock there is. But were getting optimistic that we’re getting closer to those bottoming levels.” Bad news becoming good Jim Paulsen, chief investment strategist at Leuthold Group, said there may be a bright spot in this fallout: “I don’t know where the bottom is here. I think we’re close to it, though. I really do. This thing just oozes panic to me and the movement, the ferociousness and speed by which stocks have fallen and, now, bond yields looks more like the end of a colossal panic than the beginning. So, I would start ... to nip away at it on these kind of down days that we have. ... No doubt the economy’s going to slow. We’re going to get bad economic data coming out. But the real question isn’t, is it going to be bad? The question is, is it going to be worse than feared? Because if it turns out that the economy isn’t collapsing as bad as we feared, that’s good news. So, we could have a bad news becoming good [scenario], I think, over the next few weeks. I’m welcoming just being reconnected to some fundamental information flow.” Seeking guidance David Kostin, chief U.S. equity strategist at Goldman Sachs, said finding a level of guidance in this volatile market is key: “Guidance is nonexistent. And we acknowledge the fact that ... the news flow is coming in every day and airlines are having their challenges and there’s quarantines in different areas, businesses, people are working from home. So, all these things are happening, but that doesn’t mean that the market isn’t trading, and so we need to have some level of guidance or some level of estimates, a way of thinking about this. And so, what we’ve done, on an annual basis, we can look at where the profit growth is likely to be, and we know that revenues are likely to be coming down. ... Obviously, the market’s going down. It’s a little hard to navigate that. But some of the real estate companies which have more contractual revenues and have a dividend yield, ... those companies trade around 20 times earnings. Fifteen times for the rest of the market. So, you’re paying a premium for that. So, you recognize that that’s one of the challenges in the market.” For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram:

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