CNBC's Jim Cramer has been a big booster of the current market, even as some people expect the good times to come to a screeching halt for investors still pumping up stock prices.
The S&P 500 has had a rough few weeks in August, but moved firmly higher in early market trading Wednesday, following up the strongest session for the S&P 500 since early June on Tuesday, and extending the winning streak for the index.
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That winning streak is like finding an oasis in the desert for perma-bulls like Cramer. And he is letting the world know he's tired of the way the bears aren't as loud about their proclamations of a market downturn during times like these.
"While I am off for a couple of days I am amazed how all of the naysayers about the market, like Mike Wilson, don't come out right now -- not when we are down -- and say 'mea culpa.' When we are going down we hear how right he is... Getting tiresome," Cramer tweeted Wednesday.
While i am off for a couple of days i am amazed how all of the naysayers about the market, like Mike Wilson, don't come out right now--not when we are down--and say "mea culpa." When we are going down we hear how right he is .. Getting tiresome
— Jim Cramer (@jimcramer) August 30, 2023
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Morgan Stanley analyst Mike Wilson has been one of the market's biggest bears for some time now. He said the rally in U.S stocks has been over since December 2022.
When Nvidia (NVDA) -) reported stronger than expected earnings last week, Wilson took the lack of pop in the stock's trading price as yet another sign that the market rally is over.
In Wilson's view, the market became too negative earlier this year due to expectations of a hard landing recession. But then once the market started anticipating a soft landing, the market became overbought.
“I think we got way overbought in July on this idea that we’re going to have a soft landing. Does that mean that we are going to have a recession? No, but it means the odds of a recession are still higher than normal price action. And that’s where we are now," Wilson said in a note last week.
But Wilson has been quieter this week, which seems to be irking Cramer.
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