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Reversal of Fortunes: Cramer’s ‘Mad Money’ Recap (Thursday 7/27/17)

Take a deep breath and remember that reversals are a part of the stock market, Jim Cramer told his Mad Money viewers Thursday. We’ve all been waiting for a pullback to buy some high quality stocks at great prices, and those prices are now coming.

Cramer warned that there will be many cynics out there, saying that it’s Y2K all over again and tech stocks like Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) are doomed. But unlike the year 2000, these companies are all profitable, have good balance sheets and a good story to tell.

Selloffs typically last three days, Cramer reminded viewers, but with tomorrow being a summer Friday, trading will be light, so Monday will be the day to start buying. He advised being patient, buying slowly and keeping at least some powder dry until after the weekend.

On Real Money, Cramer says don’t be part of

... read more at: https://www.thestreet.com/story/14246963/1/reversal-of-fortunes-cramer-s-mad-money-recap-thursday-7-27-17.html

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