Jim Cramer on stock market pessimism: ‘As long as we have doubters, we can rally’

Jim Cramer on stock market pessimism: ‘As long as we have doubters, we can rally’

CNBC's Jim Cramer on Wednesday said the stock market is full of pessimism, creating an opportune moment for investors."Fairly or unfairly, this is a great moment for the stock market," the "Mad Money" host said. "The promised land is right there. We've still got to get through the worst phase of the pandemic, but then we'll be vaccinated and, hopefully, you'll never have to hear about Covid-19 again."The comments come after a mixed day of trading on Wall Street where the Dow Jones Industrial Average slid while the S&P 500 and Nasdaq Composite moved higher. The three major indexes were well off their session lows.Cramer said the trading day was more volatile than the closing appeared. Stocks traded lower on a worse-than-expected drop in retail sales last month, the Federal Reserve's comments on the state of the economy and ongoing coronavirus pandemic worries, he explained.A late-in-the-day announcement that lawmakers are nearing a $900 billion coronavirus relief measure helped stocks rebound, he added. The bill will potentially include $600-per-person direct payment stimulus checks for Americans.The Dow eventually closed at 30,154.54, down 0.15%. The S&P 500 inched up 0.18% to 3,701.17 and the Nasdaq Composite climbed 0.50% to 12,658.19.Cramer said the lingering