CNBC's Jim Cramer makes the case for owning individual stocks alongside index funds "because lightning's never gonna strike that index fund of yours [the way] it struck Biogen" in Tuesday's session.
Cramer says he can't "blame anyone who lacks the time or the inclination to put in the homework" necessary to own individual stocks," but if you do, it's worth trying to beat the major averages.on Tuesday doubled down on his doctrine that investors should go beyond just owning index funds and also buy individual stocks.
"This could be a game changer for anyone with Alzheimer's. If this thing works, and the side effects are minimal, it could be easily ... the biggest drug in history, a blockbuster to end all blockbusters," Cramer said. "No wonder Biogen's stock caught fire."slid less than 11 points, or 0.36%. The largest single-day percentage gain that the large-cap index managed to post was nearly 5% last December, according to FactSet.
Lightning will never 'strike' an index fund like it did Biogen on Tuesda... via YouTube
Well duh. The whole point of an index fund is to diversify and mute the volatility that single stocks have. It works on the way down too. Stop making people stupid with stupid headlines, mmkay?
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