The higher the stock market goes, the less likely it would be able to handle a big shock, Jim Cramer told hisMad Moneyviewers Thursday. The bull market is likely to continue, he said,unlesssomething unexpected happens -- and, Cramer said, there are a lot of "unlesses" out there.
Investors are preparing for Boeing( BA ) - Get Reportto get its 737Max back in the air soon, for example. Cramer said that would be good news for the markets...unlessthe process is delayed again, which would be bad news for General Electric( GE ) - Get Report, and a host of other aerospace suppliers.
The impeachment trial of President Trump should be a non-issue for the markets because a conviction is very unlikely...unlesssomething new and unexpected is revealed.
The coronavirus spreading out of China also is not a big disruption for the markets, as the epidemic should soon be under control...unlessChina is covering up just how many cases have been confirmed.
The markets are also expecting strong earnings from Apple( AAPL ) - Get Reportand continued low interest rates from the Federal Reserve. Those events, too, could be bullish for the markets...unlessthere's an unexpected drop in services revenue at Apple or a repeat of December 2018, when the Fed got too aggressive on rates.
But if none of these things happen, Cramer concluded that we should see further gains for the markets.
Cramer and the AAP team note that stocks are taking a breather as investors consider the news about corporate earnings and the spread of the coronavirus out of China. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.