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Sell some stocks, but it’s wrong to panic about a recession

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It doesn’t hurt that investors shave off some positions in their portfolios, but it’s a “big mistake” to dump everything, CNBC’s Jim Cramer said Wednesday.

“This market is now largely ruled by fear. I don’t like being scared into anything when it comes to my money or yours, and remember: panic is not a strategy,” the “Mad Money” host said.  “You don’t panic when the economy’s hanging on. You wait for more of a decline … then you can do some opportunistic buying.”

The Dow Jones Industrial Average nosedived more than 800 points to turn in its worst sessions of the year as traders reacted to warning signs in the bond market. The drop was the fourth worst point slide in the index’s…



Source cnbc.com

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