As stocks lost all gains and headed lower in intraday trading Tuesday, Jim Cramer reminded TheStreet Live viewers that September 17 marks the beginning of a seasonally weak period, citing respected Chartist Larry Williams.
“The bulls are the ones that have to prove something, not the bears,” Cramer said.
So is it time to build up your cash reserve? In his latest column on Real Money, Cramer had a few words of wisdom for investors.
“I have said over and over again that September is the cruelest month and it’s playing out that way with rolling corrections all over the place. What goes up today will go down tomorrow and vice- versa. That’s a recipe to lose money. Better just to keep some cash, own some gold and wait, unless you are a trader and if that’s the case, heed the Williams warning and do some selling today tomorrow and Thursday, if only just to get ahead of all of those who don’t know that Sept. 17 starts the toughest period of the year,” Cramer wrote.
Recap TheStreet Live: Everything Jim Cramer Is Watching 9/14/21
Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Tuesday’s Daily Rundown.