Cramer tells investors to ‘sit on your hands' as U.S.-Iran war continues to rattle stocks [CNBC]
Exxon Mobil Corporation (XOM)
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Source: CNBC
Monday - Friday, 6:00 - 7:00 PM ET Key Points “We've got so many narratives going thanks to this war that I think trying to trade off it may be a waste of time and a waste of money,” Cramer added. In this article CNBC's Jim Cramer warned investors Tuesday against trading on headlines around the U.S.-Iran conflict, citing an unpredictable stock market that's steeped in uncertainty. “We've got so many narratives going thanks to this war that I think trying to trade off it may be a waste of time and a waste of money,” the “Mad Money” host said. “Here's the bottom line: … it makes more sense to sit on your hands.” That's because, according to Cramer, mixed signals between President Donald Trump and Tehran make it nearly impossible to bet on the war's outcome. Just look at Tuesday's “wild day” of trading, Cramer said. Oil stocks like Exxon Mobil and Chevron advanced nearly 3% and 1%, respectively, on reports that the Pentagon is nearing plans to deploy thousands of soldiers
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