"You can't have a bull market at 3:30 a.m. and have it end by 7 a.m." (Futures)

[Dennis Donovan]

Link to tweet

Jim Cramer ✔@jimcramer

The futures are a total joke. Don't even look at them. You can't have a bull market at 3:30 a.m. and have it end by 7 a.m.

6:03 AM - Mar 17, 2020

[apcalc]

1. I do not understand his comment. What's his point?

Of course I don’t stay up and watch the futures and possible differences between 3:30 AM and 7 AM.

I do find them pretty predictive in how the trading goes.

[Sherman A1]

3. Cramer likes to yell at everyone

I would have thought he would have exploded last week and gone away.

[apcalc]

8. 😁

[Indykatie]

4. Typically You Would Not Expect to See such a Big Swing After 3:30 AM

I checked the futures after midnight. I think Dow futures were up over 600 points and the headline was that stocks were poised to make a huge jump and recover a big chunk of the losses on Monday. At some point the futures turned flat and now at 6:48 EST they are back to +365. These are unusual times. We've never had a 3000 point drop in the Dow on a single day. Who knows what will happen today. Trump would be wise to shut up when the market has a good day because you can be sure more bad days are coming.

[dem4decades]

5. I notice when he speaks at 3 PM the market drops as he speaks.

Maybe he should wait till 5 or better yet just shut up.

[uponit7771]

6. Future swings rarely happen, some large firm is most likely dumping at any upswing even overnight

[Squinch]

2. It isn't a dead cat this time. It's one of those little pink spaldeen balls we used to play with.

It's just going to bounce and bounce and bounce until it stops.

There is also some odd stuff going on. Did anyone else notice on Thursday that there were 5 or 6 cruiseline stocks that were all up by the EXACT SAME percentage in the futures? In the CNN futures screen, they were all at the top of the list of stocks moving pre-market and they were all up by 25 point something percent. And the point something was the same for all of them.

Someone tried to prop them up. And did it very ham-handedly.

[uponit7771]

7. +1, looks like a lot of head faking on the way down.