CNBC's Jim Cramer on Tuesday suggested that investors can sometimes lose the markets' big picture, and that it's important to go back to the basic principle behind good investing. The Dow's nine-day rough patch, the promise in oversold markets and stocks that are so beaten up investors don't see their potential are all parts of the big picture, Cramer said. CNBC's Jim Cramer on Tuesday suggested that investors can sometimes lose the markets' big picture, and that it's important to go back to the basic principle behind good investing.
"Sometimes we forget what we are trying to do around here," he said. "We're looking to find good stocks at good prices and buy them. We want to sell bad stocks at any price and kick them out of our portfolio.
" Investors can sometimes think to only own stocks of companies that are the winners for the day and brush off everything else, Cramer said. When this happens, he argued that investors are putting mental shackles on themselves. While day trading in the past was meant to scalp pennies from the flow, now investors need to be focused on dollars from the big picture, he continued.
Part of the big picture today is that the Dow Jones Industrial Average is on a nine-day losing streak , he said. The last time that the Dow went on that long of a losing streak was in February 1978, during which Cramer said there was double-digit inflation and a lack of serious leadership. The Dow's rough streak today, however, comes as the Federal Reserve continues its.
