Wednesday, May 25, 2016
#TheStreet: This Is How Rallies Start Says Cramer
Published on 25 May 2016
The banks and techs are bouncing back and that bodes well for the bulls, said TheStreet's (TST) Jim Cramer. He said the market is being spurred by a rally in the banks and it is taking other groups like healthcare and biotech along for the ride. Cramer said the move in the banks really came out of nowhere, especially considering Wells Fargo's less than inspiring presentation yesterday. In Cramer's view 'these are how real rallies start - on nothing - and then we find out why.'