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- CNBC Mad Money host Jim Cramer said a wave of "clueless" buyers is inflating stock market prices.
- "Sometimes the market rallies and it makes perfect sense," he said on his show Tuesday. "Then there are days like today, when I can't take how stupidly bullish this market can be."
- He highlighted how shares of British Petroleum rose more on Tuesday — even though it slashed its dividend — than on the day it raised its dividend in February.
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The stock market is being helped by a wave of "clueless buyers" contributing to a "stupidly bullish" environment, CNBC's Jim Cramer said this week.
The CNBC Mad Money host said Tuesday: "Last night, I told you not to overthink the run in the COVID stocks. Sometimes the market rallies and it makes perfect sense. Then there are days like today, when I can't take how stupidly bullish this market can be."
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/31nMmfE
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