The market was feeling the post-holiday high on Monday, Nov. 26.
The Dow opened in the green, up over 200 points, when the bell rang to kick off trading post-Thanksgiving.
This Rally Won’t Last
Jim Cramer says that the rally can’t last.
The market is in “bear territory,” he said.
The rally isn’t based on reason, Cramer noted, but rather on hope.
Cramer wrote about the market’s rally in his column for RealMoney on Monday morning.
Subscribers to RealMoney can read his column here.
01:21 Cyber Monday
Cyber Monday will be a blow-out if data from Thanksgiving and Black Friday are any indication of consumer spending.
Buying on Cyber Monday? Here’s What Investors Should Know About Retail
According to Adobe Analytics, consumers spent over $6.2 billion online during Black Friday. That followed $3.7 billion spent online during Thanksgiving day.
Cyber Monday Expected to Be Biggest Day Yet for U.S. Online Retailers
Adobe noted that surpassing $6.2 billion would make Black Friday 2018 the second-biggest online shopping day ever, just below Cyber Monday 2017. During last year’s Cyber Monday sales, consumers spent over $6.6 billion online.
Here’s What Experts Expect From the Retail Sector on Cyber Monday
From Nov. 1 to Nov. 21, consumers spent $38 billion online.
02:38 Time to Sell Boeing?
Robert emailed in a question about whether or not it’s time to sell Boeing BA or to wait.
Boeing Stock Will Be Back, Just Not Today
Cramer responded that he believes that investors should hold shares of the plane company until later in the week.
Boeing Shares Slip Due to Ongoing 737 Woes
He also gives his opinion on the recent scandals that Boeing’s faced.
Ask Jim
Got a question about the market? Reach out to @KatherineRooss on Twitter or email her at [email protected] for a chance to have Cramer answer your question.
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