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Jim Cramer: I’ll not abandon tech stocks as the end of these downturn is near

Jim Cramer at standing while watching NYSE, June 30, 2022.

Virginia Sherwood | CNBC

Back many years ago, we’d go this lower in tech also it would trigger a huge rally. Maybe the catalyst was a takeover. Maybe it had been the recognition these stocks had all become too cheap. Or we’d hear that some gigantic technology fund had inflated, the selling was over, and today it was time and energy to swoop in and purchase.

This time around we’ve no catalyst. On Friday, the tech-heavy Nasdaq Composite fell nearly 4% in a broad-based sell-off on Wall Street. The stocks, once we say, desire to decrease. The tech names have somehow end up being the most sensitive to the dollar also to the alleged slowdown in the web.

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