Jim Cramer told viewers of his Mad Money program Thursday night that people are fleeing the cities to avoid Covid and to remodel their homes for remote working and schooling. That means stocks like Home Depot (HD) , Lowe's (LOW) , Sherwin-Williams (SHW) and Trex Co. (TREX) are all still buys.
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I usually buy the dip on big 'down' days. On Wednesday I did buy the dip -- but only in gold.
Much of the market has been correcting for months, and now the big-cap names are finally catching up to the downside.
Ah, we don't get declines on no news, do we? And now sentiment is not panicky, but is turning sour. Here's what that means.