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Former hedge fund manager and famous CNBC TV host Jim Cramer sounding the alarm in certain speculative segments of the market and urging investors to sell on “turnaround” momentum if they haven’t already.
Cramer warned investors Tuesday that some speculative plays in gold and silver, as well as quantum computing, data centers and nuclear energy, “will not go down without a fight.”
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According to Cramer, speculators will continue to compete for a “bounceback,” which essentially means a rebound after a decline in stocks. He said investors should avoid being fooled by such rallies and should instead consider selling into them “if they haven’t already.”
The comment comes amid rising volatility in sectors that have seen sharp rises in recent months and have since broken away from key indicators.
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Cramer’s advice came after sharp declines in stocks in these sectors during the day; Gold and silver decreased. biggest single day drop It decreased by 5.2% and 6.7% respectively in the years.
Like quantum computing stocks Rigetti Computer Inc. (NASDAQ:RGTI), Kuantum Bilgisayar A.Ş. (NASDAQ:KUBT) And D-Wave Quantum Inc. (NYSE:QBTS) along with the nuclear power company fell 7.64%, 7.41% and 6.42% respectively. Oklo Inc. (NYSE:OKLO), decreased by 12.33%.
Similarly, popular data center stocks İREN Ltd. (NASDAQ:IREN) And CoreWeave Inc. (NASDAQ:CRWV) decreased by 6.80% and 1.57% respectively.
This was despite most major indexes remaining flat on the day. S&P 500 followed by a 0.003% increase Nasdaq Composite The index fell by 0.16 percent and finally Dow Jones Industrial AverageIt increased by 0.47%.
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This article Jim Cramer Warns ‘Don’t Be Fooled’ Because Speculators in Gold, Quantum and Nuclear Energy Won’t Fall ‘Without a Fight’ originally appeared Benzinga.com