Cramer: Rally Stops Before Dow 10,000

Jim Cramer, host of CNBC’s Mad Money, says the stock market rally will peter out before the Dow Jones Industrial Average breaks 10,000.

While the underlying economic fundamentals are strong, much of that is already priced into the market, he says. The Dow has soared 44 percent from its March low, trading at 9,531 Thursday afternoon.

“As we get closer to Dow 10,000, a level that I don’t think we’ll breech, I just can’t like the market as much as I do at Dow 9,000,” Cramer said on his show.

The only way the Dow will surpass 10,000 is if “we get all sorts of positive new information.” (more)