Jim Cramer says he's starting to see reasons to more be positive on the stock market

CNBC’s Jim Cramer said Wednesday he’s seeing reasons for investors to be slightly more positive on their stock holdings following a recent rough patch for Wall Street.

“After weeks of carnage, where every rally turned out to be a trap, people just don’t know what to do, and when they’re confused, of course they sell,” the “Mad Money” host said, attempting to explain why stocks opened Wednesday’s session lower before they ultimately reversed. All three Major U.S. equity indexes ended up closing in positive territory.

“At this point, though, you need to think about why you own stocks in the first place. Maybe you sold at [the market open]. I hope not. If the thesis is still intact and nothing’s changed for the worse, then it’s time to have some conviction,” Cramer said. “I think when the market is down like it was this morning, you do some buying.”

Stocks changed direction Wednesday after it was reported that Senate Minority Leader Mitch McConnell told fellow Republicans in a closed meeting he planned to offer a short-term debt ceiling extension.

Cramer said he believes sentiment also was helped by comments from Energy Secretary Jennifer Granholm, who, according to the Financial Times, indicated the Biden administration is considering whether to lean on the country’s strategic petroleum reserve to help tame gas prices.

“No wonder the averages came roaring back,” Cramer said, explaining that he thinks “man-made problems” in Washington have been a considerable overhang on markets recently. “While man-made problems are very stupid and frustrating, they are also easy to solve,” he said.

“Here’s how I see this moment: We’re at the cusp of coming to an end of the most seasonally difficult part of the year, Covid is on the mend, and the regions that were hardest hit by the delta variant now have the best business growth in the country,” Cramer added. “Those are reasons to buy, not sell even as we know that, historically, the next 10 days will be a lot more like this morning than this afternoon.”

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[daverundle]

NICE VIDEO !! Very engaging from the beginning to the END. Nevertheless business and investment are the best way to make money irrespective of which party make it to the oval office

[wanderingquestions]

Cramer’s long term outlook opinion sure turns on a dime

[juanderuano]

I am contemplating between holding AMC or selling before earnings. I know you are super bullish on AMC long term, do you still think as a long term investor it would be smart to sell if there is a large run up to earnings?

[christinematthew]

Great work and great effort here which platform is suitable and okey for earning please, I'm new to this ( crypto )

[michealjoseph]

The trading market is constantly evolving with new features, trading opportunities, financial swings with sudden surprises around every corner. The best thing is to stay in shape and don’t let anything catch you on the wrong foot.

[miketorress]

More downside. Always expect the opposite of what he says

[CannonsRvRepair]

You know he use to be on the retail investors side. He no longer is. Cramer you know this market is heading for dark times stop sugar coating it and be honest.

[zachgallegos]

This foool is a liar this market is going to crash on 10/20/2021

[eric]

BTC for $75K by end of this year& Control
of The Currency is already Decentralised And now the China disruption would simply
Decentralise the Mining setup for the better

[cousinmerl]

A debt ceiling will be good once raised, but interest rates have to be increased for next year to pay for everything. And the market will not be happy about that.
But there needs to be some tough love.

[sebi]

two weeks ago: Cramer beggin to sell your Crypto
my Crypto Portfolio last month: up 30%
I bought more, but I should have bought even more

[traviskreuser]

This guy talks in circles 2 days ago talking about buying opportunities coming now he's saying buy after it ran up 😂

[DRCole-kqwk]

We have reached billionaire nirvana. They trade amongst each other, playing, wounding, winning, with trillion of dollars of Fed bankrolled one buys actual stocks anymore, the real money is in the idea of stocks played out in easily manipulated index funds and synthetic casino bets. Our passive investing is key to the last billionaire is in and so am I. Just hitchhiking with the .01 to nirvana and hoping I am not found a year from now roadkill like the slaughtered deer along a New Jersey highway in Spring. And then there is

[richardstofan]

Second. Btw Cramer is definitely a cocaine addict lmao

[Budzyoner]

Invested in shib...made more than anyone buying FB or anyone in the stock market...Cramer is a clown

[sebi]

facebooks correction has just begun.
Its over (for the next 2 months)

[yoyoyoyoyoyoy]

The market is going to crash, like every market bubble