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Wall Street is ‘being very cavalier’ about virus cases, election turmoil and stimulus uncertainty, Jim Cramer says

There was mixed trading on Wall Street as the Dow Jones Industrial Average slipped while the S&P 500 and Nasdaq Composite both posted gains during the trading day.

“I think this market’s being very cavalier about the fact that we’re running at more than 130,000 new cases per day,” the “Mad Money” host said.

Cramer advised investors to look out for three critical issues that could weigh negatively on the market: rising coronavirus cases, the contested presidential election that Democrat Joe Biden is projected to have won and a collapse in stimulus spending negotiations in Washington.

“I hate to say it, but the Cramer Covid-19 index is back in play if we get one of the nightmare scenarios I just traced out,” Cramer said. “I am not saying these nightmares … will come true,” he added, “but when you’re managing your money, you need to consider potential risk factors.” Read from source….