Financial celebrities: It’s better to stay away from U.S. stocks temporarily, and gold and cryptocurrencies are more fragrant
Jim Cramer, a well-known American financial spokesperson, said that he is cautious about the stock market, but emphasized that he will not give up the bull market. It's not that you are short on the stock market and remain neutral for the time being. In this market, many inexperienced people have always mistakenly thought that being cautious is believing that the entire market is falling. Cryptocurrencies such as Bitcoin and Ethereum have different functions in investment portfolios than gold, which means that investors can hold cryptocurrencies and gold at the same time.

On Tuesday (September 14), Jim Cramer, a well-known American financial advisor, said that he was cautious about the stock market, but stressed that he would not give up the bull market. It's not that you are short on the stock market and remain neutral for the time being. In this market, many inexperienced people have always mistakenly thought that caution is to believe that the entire market is falling, just to reduce the possibility of the stock market being hit hard "after buying stocks." The following are his main points.
Overall, part of the reason for his hesitation is that he is not sure whether three major issues, rising US inflation, the delta variant of the new crown virus, and changes in Fed policy, will really be resolved in the near future.
Is the Fed really uncontrollable? The Fed suspended any action because of concerns about the delta variant of the new crown virus. If the new crown epidemic reaches its peak, they may begin to discuss tightening policy again, even though Fed Chairman Powell is reluctant to do so. Unfortunately, the data may make this difficult unless inflation has really peaked, in which case the Fed is no longer a problem.
There is no confidence in any of the above situations. This is possible. I don’t know if such a possibility exists. This is why we are cautious this month.
Historically, September has been a difficult month for the stock market because the market has been struggling. The Dow Jones Industrial Average fell 2.2% this month, while the Standard & Poor's 500 Index and the Nasdaq Composite Index, which is dominated by technology stocks, fell more than 1%.
As for when it might be the time to buy, Cramer will look for a time when the stock price does not fall due to bad news, and the next day when stock market analysts emphasize the same bad news, it still does not fall.
This does tell you that the pain has passed, but we may have to wait until the second week of October, when the seasonal pain is at its worst, we need the stock market to stop its sharp decline for no reason.
US stocks closed on Tuesday: the S&P 500 index fell 0.6% to 4,443.05 points; the Dow Jones Industrial Average fell 0.8% to 34577.57 points; the Nasdaq Composite Index fell 0.5% to 15037.76 points; the Nasdaq 100 index fell 0.3%, reported 15382.9 points; Russell 2000 index fell 1.4%, reported 2209.985 points.
Cryptocurrency and gold are good investment choices
Cryptocurrencies such as Bitcoin and Ethereum have different functions in investment portfolios than gold, which means that investors can hold cryptocurrencies and gold at the same time.
Supporters of gold or bitcoin often boast that their respective assets are a long-term hedge against inflation and irresponsible government spending. After all, I believe in gold and cryptocurrencies. There is absolutely no reason to treat the two as the same thing.
Gold has scarcity value, and its value has been proven over time. Gold is an insurance policy against long-term inflation, which is boring, but it is absolutely necessary.
On the other hand, Bitcoin and Ethereum have created "ridiculous wealth" in recent years, but they are still in their infancy and therefore may be very unstable. Bitcoin was created in 2009, and the Ethereum blockchain was created in 2013. These two transactions are more of a "speculative transaction."
Cryptocurrency may become a means of holding value when it appreciates, but when it falls, it is a huge mistake. This is not the insurance policy I want. You do not need insurance to speculate. If you are willing to take additional risks to chase huge gains, cryptocurrency definitely has its advantages, but this is very different from protecting yourself.
Cramer has previously invested in Bitcoin and Ether, the two largest cryptocurrencies in the world by market value. The value of gold lies in its eternity, and the value of cryptocurrency lies in its timeliness. Do you want insurance? Buy gold. You want to speculate, buy Bitcoin or Ethereum, but don't confuse the two.
Bonus rebate to help investors grow in the trading world!