Cramer: Bull markets 'die on euphoria,' and we're one step away [MSN Money]
Churchill Capital Corp V Class A (CCV)
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Source: MSN Money
Replay Video UP NEXT 1 Cancel SETTINGS OFF HD HQ SD LO Cramer: Bull markets 'die on euphoria,' and we're one step away What to watch next UP NEXT After the Federal Reserve raised interest rates on Wednesday, CNBC's Jim Cramer wanted investors to get a feel for the state of the U.S. economy. Quotes in the article AdChoices Higher rates can kill the bull if they make bonds competitive with the return you get from stocks. We aren't there yet, the Mad Money host said. A quarter-point rate hike from these very low levels won't really do much damage to either the economy or the stock market. Cramer used a quote from the late legendary investor, Sir John Templeton, to explain the current state of affairs: Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria. We're currently in stage three
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