We recently published a list of Jim Cramer Says Bears Got ‘Pantsed’ & Discusses These 10 Stocks. In this article, we are going to take a look at where Williams-Sonoma, Inc. (NYSE:WSM) stands against other stocks that Jim Cramer discussed.
In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the impact of markets extending their rally after President Trump’s remarks suggested that his administration was de-escalating its showdown with China. To further assuage market concerns, Trump also asserted that he had no plans to fire Federal Reserve Chairman Jerome Powell. Cramer remarked:
“Well I think that if you go back to Monday’s stock market, that was one of the worst days in my career that I’ve ever seen. I had that comparisons to 1932, a lot of people just saying let’s just forget about this, let’s turn it off, I don’t want to be in this anymore. David, there seemed to me on Monday to be a belief that we’re really on our own, do whatever you want, tariff away, we don’t need anybody, interest rates going the wrong way, gold going the wrong way. It was just a hideous day.”
Given that Cramer has interacted with the markets in one form or the other before most of us were born, naturally his remarks about Monday being the worst of his career raised eyebrows. Co-host David Faber refused to believe it and asked Cramer whether he really did think that it was the all-time worst day. In response, Cramer clarified that it was the worst day in terms of despair. “No, because in terms of despair. Despair. Level of despair. . .Just saying the level of despair on Monday when I left,” he said.
Cramer also outlined that those who had predicted that a bear market was in play were proven wrong. “Everyone said bear market rally yesterday, well you know those people have been pantsed,” he said. “There was a guy on this morning . .was talking about tariffs, you know I was really hammered. I said jeez you know it’s early in the morning,” Cramer added.
However, even though the bears were ‘pantsed,’ it didn’t mean that the performance was stellar. Commenting on JPMorgan calling recent market events a wholesale divorce from dollar-denominated assets, Cramer outlined: “I felt like I could go very easily into pretty much any market in the world and be better than ours.”
The CNBC host also shared that Treasury Secretary Bessent appears to be driving the policy, as for now. According to him: “I think that Bessent, Treasury Secretary Bessent, is regarded as being at the tiller, right now. And he understands the stock market. And there’s, Navarro, who understands death by China.”
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