Market Overview

Investors Have 'Blind Faith' In The Bull Run, But Is It Really Needed?

Investors Have 'Blind Faith' In The Bull Run, But Is It Really Needed?
Related SPY
Could Sector Rotation Be The Reason For AMD's Recent Weakness?
US, China Announce New Tariffs: Wall Street Reacts
Averages push to session highs as Trump talks trade (Seeking Alpha)
Buy Rosh Hashanah, Buy More At Yom Kippur: A 2018 Strategy
Buffett On The Economy, Tariffs, Jay Powell

Investors who have "blind faith" in the stock market's bull run aren't necessarily in the wrong, CNBC's Jim Cramer said during a recent "Mad Money." In fact, investors having "blind faith" in the stock market are one of the most important elements to a bull market's character.

Needless to say, between North Korea and the two recent hurricanes that impacted various states, which will result in tens of billions of dollars' worth of damages, it's hard to remain optimistic.

But on the other hand, perhaps the headwinds of a pending war and the impact of the hurricanes are overblown, Cramer suggested. Consider for example North Korea's government opted not to test another missile over the weekend to mark the 69th anniversary of the government. Perhaps after all the country's leader Kim Jong-Un isn't willing to push America and its allies to the brink of war.

And then there is Hurricane Irma. While the loss of life is tragic and the destruction of people's homes and businesses is a tragedy, the fact is the total destruction left behind by the hurricane was not as bad as had been initially expected.

"There's something to be said about a market that views things positively, even as it's no time to celebrate in the real world that is oh-so-different from stocks and bonds," Cramer concluded.

Related Links:

72 Years Later, Here's Why Korea Remains Divided

Hurricane Investment Prep: Timber ETFs

Posted-In: CNBC Hurricane Irma Mad MoneyFutures Politics Markets Media General Best of Benzinga


Related Articles (SPY + SPX)

View Comments and Join the Discussion!

A Q&A With NerdWallet CEO Tim Chen: 'We're Making An Impact'

GameStop's Smartphone Gambit Earns It An Upgrade From Vetr