China’s state-backed builders extended a rally while energy firms dropped amid thin year-end trading in the world’s second-biggest stock market. The Shanghai Composite Index was little changed at 3,122.68 as of 1:05 p.m. China Gezhouba Group Co.
Category: Financial Markets
Ending the year at new highs
It’s just not as sexy as the stock market. It lacks the personality of publicly traded stocks and their management.
‘Stop thinking of the market as a whole and think of it as a market of stocks.’
There are very few profit-takers in this market, Jim Cramer told his Mad Money viewers Wednesday, and with so little overhead resistance, stocks still have a lot more room to run. How can the dramatic rise of the Dow Jones Industrial Average since the election be justified? Cramer said that if you look at each stock individually, you’ll see that there are many reasons not to sell.
‘Stop thinking of the market as a whole and think of it as a market of stocks.’
There are very few profit-takers in this market, Jim Cramer told his Mad Money viewers Wednesday, and with so little overhead resistance, stocks still have a lot more room to run. How can the dramatic rise of the Dow Jones Industrial Average since the election be justified? Cramer said that if you look at each stock individually, you’ll see that there are many reasons not to sell.