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On March 31, CNBC's Jim Cramer advised investors against purchasing stocks, stating he couldn't think of a dumber day to buy. Despite Cramer's bearish outlook, major stock indices reversed earlier losses and closed higher. The Dow Jones Industrial Average climbed over 1,000 points, gaining 1.01%, while the S&P 500 rose 0.56%. The S&P 500 ETF Trust (SPY) increased by 2.5% from its intraday lows. All major indices turned positive by the end of the trading session, contrary to the negative sentiment expressed earlier in the day.
Jim Cramer, aka the only trusted indicator, recently said: "I can't imagine a dumber day to buy stocks than today" So maybe the worst is already behind in both crypto and stock markets. Why? Just look at history of his predictions: 1. "All $SOL holders (when it was at $8) https://t.co/uf3cFVUT6z
Jim Cramer on CNBC this morning: "I can't think of a dumber day to buy stocks than today." The Market 👇 https://t.co/Ny4CzOmb25
NOW: Stocks surge after Jim Cramer declared this morning, “I can’t think of a dumber day to buy stocks than today.” https://t.co/oEsmbgttCL
