Jim Cramer Advises Caution in Stock Market Amid High Valuations
CNBC's Jim Cramer has warned investors against buying stocks at NEAR all-time highs, calling the practice "a license to lose money." His remarks on "Mad Money" emphasized selectivity in the current market cycle, particularly cautioning against late-cycle enthusiasm in oil stocks and near-term risks in banking sectors ahead of earnings season.
Tech stocks like Nvidia and CrowdStrike received praise for their growth potential, though Cramer advised diversification. "Own some unloved tech names, but save room for a quality consumer stock," he said. Meanwhile, Wall Street forecasts a strong rebound for 2025, with the S&P 500 projected to surge up to 50% and AI/tech stocks poised for another rally.