CNBC's Jim Cramer critiqued the market action Tuesday and advised investors not to trade when stocks react immediately to earnings reports, as some of these moves are not necessarily warranted.
He said the action occurred as a part of the "quarterly re-pricing process" of earnings season.
While he's against painting with broad strokes when it comes to earnings season, Cramer said he's not suggesting that there aren't important benchmarks and details worth paying attention to.
"There are so many people playing with so much money — professionals who pay people fortunes to figure this stuff out — let them fight to set the price," Cramer said.
"For regular investors like you, trying to trade that initial post-earnings action is just an easy way to lose money four times a year, like clockwork."
Persons:
CNBC's Jim Cramer, Stocks, Cramer, he's
Organizations:
Dow Jones, Nasdaq
Locations:
Dutch