Wall Street is still in for a 'rough ride,' Jim Cramer says

Because the sell-off did not come until later in the day, Cramer pinned the midday gains on rising investor optimism that the U.S. economy could quickly bounce out of a coronavirus slump. If investors were worried about another week of seven-figure job losses — 2.1 million Americans filed for unemployment claims in the past week, bringing the total to 40.8 million — the stocks would have sold off earlier in the day, he said.

Despite Thursday's retreat, the Dow continues to enjoy a 4.33% rise in the month of May. The S&P is up 4.03% and the tech-heavy Nasdaq is up 6.11% on the month, according to Factset. The rally can be attributed to the bullish outlook that investors have on the economy. "It's a new market. It's a new economy," Cramer said. "The Fed and the Treasury have learned from the mistakes of the past, which is why this market's been able to roar over the past couple months even as the data's been real ugly, but once that stimulus program runs out of money, I'm betting Wall Street gets less sanguine about the future."

How about just cash for the next 6 months. Why is that seemingly never an alternative Why Cause tthe financial talking heads don't make money on people putting money in to cash. Who needs their advice if that was the case.

What if $spy crowd-wisdom is right & everyone else is wrong?

Buy the dip and HODL, $20k is on the way Bitcoin 🚀🚀🚀🚀

What is you expert recommendation for MU or AMD

Tech has been a very solid choice these past few months. I suspect as many new markets start to open up, associated stocks will be on the rise.

Go with gold

My man has a shorter memory day to day than the market does.

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