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Cramer says stocks may bottom sooner than expected because Wall Street is so negative


CNBC’s Jim Cramer suggested Monday that the current low market sentiment of investors could be a sign of a market bottom.

“We also need … everyone to believe that the market can only go lower. Wholesale capitulation is what we need. We need wholesale capitulation. Oder even in 2009, when all the major banks seemed almost over. We can only then get a “sustainable rally”Mad MoneyReferring to the 2008 financial crisis which was experienced from 2007 through 2008, the host stated that the fallout of this financial crisis had been devastating.

He said, “Because sentiment has already been so negative that the bottom could come sooner then you think.”

Cramer comments are Russia’s. intensifying invasionWall Street continues to be shaken by the events in Ukraine, despite weeks of volatility. The broad-market S&P 500 index decreasedMonday’s drop was 0.7% On Monday, the Nasdaq dropped 2.04% while the Dow Jones Industrial Average was flat.

In contrast to the previous year, bond yields have risen. Federal Reserve‘s expected announcement of a quarter-percentage-point rate hike after its two-day meeting concluding Wednesday. It is one of the many rate rises that the Fed plans to make this year.

Cramer stated that there are stocks in bull markets, such as those that provide health care services, but investors should be patient and wait for a rally to turn.

Cramer declared, “We have to go through this hard period and we will get it over with,”