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Closing Bell

Closing Bell Overtime: Jim Cramer on the market 5/20/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 20 May 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Dow posts its eighth-straight week of declines for the first time since 1923. Jim Cramer weighs in on the volatile week for stocks. Plus, Mark Newton from Fundstrat Global Advisors outlines key metrics to watch when looking for a market bottom. And, Dan Ives from Wedbush explains why Apple is still his top stock pick. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Welcome to overtime, thanks Sarah. I'm Scott Walker. It's good to have everybody with us today.

0:03.6

You just heard the bells. We are just getting started in just a little bit.

0:07.5

I'll speak with Wed Bush analyst Dan Ives on when the pain in Apple and Tesla is likely to subside.

0:13.6

We do begin though with our talk of the tape.

0:15.6

The body blow this market keeps taking and when it might end.

0:20.1

Maybe it got off the mat a little bit today.

0:22.4

Let's ask Mad Money's Jim Kramer.

0:24.2

He is with me right now.

0:25.4

Jim, it's always good to have you.

0:26.8

I feel like the market did a little rope-a-dope at the end here.

0:29.6

What's this about?

0:30.4

It didn't feel like a flow like a butterfly sting like a bee market. I have to tell you

0:34.8

this is an otherworldly market and you know what Scott it actually would have been better

0:38.7

Had it been down because I think people just think that the phoniness of the market, the inability of the market to make any

0:44.4

sense versus what's going on in the economy, that it has just made it so the people say,

0:48.9

you don't want to be in it.

0:50.5

And that is really a shame, but that's because we have not choked off inflation.

0:54.3

And until we win some battles in inflation, you're going to continue to see people

0:59.0

get attracted by a market that's down, and expiration can be big but there's really there's like

1:04.0

very few players because people just hate this market and I think that's a shame

1:08.0

Scott because you and I both know that there are a lot of companies that are

1:11.6

selling at four or five, six, seven times

...

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