Jim Cramer on Wall Street's relation to George Floyd protests: 'The market has no conscience'

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The 'Mad Money' host worries how the nationwide protests, which he generally supports, could impact the fight against coronavirus.

Thousands of people in America and countless others abroad have spent days on end protesting — most of them peacefully — racism and police brutality in the wake of the police-involved killing of George Floyd in Minneapolis on Memorial Day.

"Until very recently, nobody was investing with an eye toward making the world a better place — whatever that might mean," he said. "While there's now a younger generation that invests with their hearts as well as their heads — and I share a lot of that sentiment — for the most part, people still pick stocks because they're trying to make money."

"That's why I'm concerned that we're going to get a huge second wave of infections, far earlier than people thought," he said. "Plus, in the places where protests turned violent, it gives businesses another reason to shut down or keep their employees working remotely. From this stock market's perspective, everything that happened this weekend means the stay-at-home economy will last longer than we thought.

Source: News Formal (newsformal.com)

 

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Yet corporations are people. You know what we do to people without conscience? We lock them up in asylums.

It is the No-Lives-Matter market. Pandemic? Sick and elderly? Don’t care. Economic collapse? Bankruptcies? Don’t care. Minorities want equality? Don’t care. Hong Kong? Don’t care. Other countries need aid? Don’t care.

The Market is people..... who generally speaking, don’t have a conscience.

Money has no conscious. Therefore...1% of our nation has all of it.

2 trillion reasons why the mkt is trending higher

As it should not. I'm sure you leftist scum at CNBC were horrified.

Wow, darrenwalker set the record straight on CEOs, wall st, SEC, Fed. Panel silence! Makes it crystal clear as I sit here unemployed. My CEO(s) doing the exact things he just said will not work this time. Financial literacy? we won't teach the skills cause the system is rigged.

Earnings are mother’s milk 🥛 for stonks not protests

No shit!

The mkt is benefiting from people misery. Always did and always will unless a violent revolution happens

Tell Jim to put his money where his mouth is and sell if ALL!

Seriously, why did the stock market go up today?

They give a sh... about the protests, because they soon will end.

Jim Cramer needs to study history.

And trump just declared war on America! BlackLivesMatter

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