Jim Cramer describes how to find ‘splendid minutes’ like Friday’s session
CNBC's Jim Cramer evaluated Friday's market action, calling the session an "beautiful minute," where stocks opened weak, however the averages climbed up by the close. While he stated this specific minute has actually reoccured, he noted methods financiers can acknowledge one in the future, stating these conditions can yield huge gains."We utilized to call days like today 'charming minutes.' Those are minutes when the bears overreach. They get ahead of themselves due to the fact that they do not understand when to stop," he stated. "We had one this extremely early morning."After a challenging week on Wall Street-- the Dow Jones Industrial Average dipped 1,100 points in a single session and published its longest losing streak in about 50 years-- the index bounced on Friday. The 30-stock Dow ...
