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Jim Cramer on Amazon.com, Inc. (AMZN): ‘Big Tech Got A Real Boost' [Yahoo! Finance]
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Jim Cramer, host of Mad Money, shared his thoughts on the market's reaction to the election results. He noted that the trading session on November 6 was largely influenced by a collective sigh of relief from traders who were glad the election was over. With President-elect Donald Trump set to take office, many were preparing for the shifts his administration could bring. Cramer pointed out that the market responded positively to Trump's victory, stating: “The market likes Donald J. Trump and it loves a peaceful transition to the next president. We got both and we had a monster-buying celebration. It was a bull jailbreak and the bears never knew what trampled them.” Cramer reflected on the uncertainty leading up to the election, with many investors fearing a prolonged and contentious process. But with the winner now clear, Cramer argued that the market is better off knowing what lies ahead. He remarked: “Let's understand that many people thought we'd have a contested election, w
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