Cramer's Top 10 Things Needed for Stocks to Rise
On CNBC's Mad Money Monday evening, Jim Cramer offered a list of ten things which need to happen before stock prices will go higher and sustain gains.
- Congress and the Nation's leaders need to return from vacation as nothing constructive can be accomplished when no one is working.
- Bank stocks need to stop going down and confidence needs to be restored.
- The poor seasonality trends in tech need to halt and people need to start buying again.
- More mergers and acquisitions; Cramer believes if business owners show confidence in their business, it will be passed on down to the investors and consumers.
- Gold needs to show signs that it can actually go down.
- Bank bailout overseas. Cramer also thinks the European Union has to insist the Euro banks raise more equity.
- Brent crude has to drop below $100 a barrel.
- Following the drop in the price of Brent crude, Cramer feels this will help China announce it is beginning to see better inflation inputs, eventually leading to flat interest rates.
- A plan and vision has to be set for the euro -- other than the current plan.
- The stocks of companies reporting record earnings and outperforming expectations need to hit 52-week highs.
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