CNBC’s Jim Cramer deciphered the difference between objective and subjective stock valuations and how they are impacting the market. The “Mad Money” host broke down the stock of Ollie’s Bargain Outlet and insists that investors add shares to their portfolios.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
Brendan McDermid | Reuters
Stock valuations that are objective tend to satisfy traditional investors, yet Wall Street is running a different playbook at the moment, CNBC’s said Thursday.
“The bottom line is that amazingly and, yes, counterintuitively, buy high and sell higher is working here. Buy high and not selling is the best,” the “Mad Money” host said. “It’s