Everything Jim Cramer said on 'Mad Money,' including Uber lockup, 'junk' Chinese IPOs, buy Twitter
because the expiration of stock sales restrictions following IPOs will soon lead to a deluge of equities on a market with little investor appetite.
"When you have billions of dollars of stock entering the market without a natural home, you better believe the averages will come under pressure," Cramer said. "These lockup expirations and IPOs [are] going to take their toll, unless a flood of new money comes into the stock market. I hope we can absorb them without too much pain, but hope is not part of the equation."Feng Zhou, CEO of Youdao, rings the opening bell during the IPO of Youdao Inc.
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