Posted on 04/06/2025 3:59:10 AM PDT by RandFan
@CollinRugg
NEW: Jim Cramer warns of a 1987 "Black Monday" style stock market crash on Monday, says he is about to be super mad.
"Black Monday" was a global stock market crash where the Dow Jones tanked almost 23% in a single day.
"If the president doesn't try to reach out and reward these countries and companies that play by the rules then the 1987 scenario..."
"The one where we went down three days and then down 22% on Monday, has the most cogency."
"I will contain my anger... and if Europe moves against our fabulous tech companies next week, then I will be furious."
(Excerpt) Read more at x.com ...
Guy over on Zero Hedge was saying if we get a 16% drop on Monday, we will have met the same drop as experienced during the Great Depression?
https://x.com/zerohedge/status/1908267536590004634
Classic Creme de La Creme in action. Thanks for the memories on Yahoo chat!
Cramer is a contra-indicator, like Paul Krugman.
I remember that day. I was in my last year of undergrad college. I wondered if I could find a job when I got out.
You posted EXACTLY, word for word, my first thought when I read the headline.
How someone can be so consistently wrong and yet keep his “advisor’s job” is beyond my comprehension.
If Cramer says it, it probably won’t happen.
Watch later
Bkmk
Much of the massive stimulus and bail out money has been steered and parked into the stock market and has been artificially propping it up. Add in the the tariffs, which are going to add a few percent to the consumer price of imported goods and it will have an impact on stock values.
The big danger here is that the big money players are going to to pull a 2008 style act of economic warfare on the US to tank the system.
I never read that but it is correct statement by musk. These stratospheric p/e numbers are based on exponential growth in profits for many years. All it takes is some financial event somewhere to prick the bubble. Bot trading is a big contributor to fast changes in stock markets. My portfolio was ahead last week if you can believe it. I am mostly in individual bonds. Only 10% in stocks.
And the next day, the Dow shot back up…a lot.
Anyway…there ain’t a damn thing most of the people can do about it.
And for those that are REALLY concerned…everyone is losing money so the bread lines will be full of old friends.
I feel like its a little disingenuous to compare the two. People are not going to be starving , jobs will be plentiful, people will still be willing to pay 3-4 percent extra for crap, still watching Nexflix, buying Starbucks, tiktoking…. All while crting about how bad things have got.
A year ago the market’s value was less than it is today. A year ago the $38,000 Dow was the best of times. Today the same valuation is the next Great Depression. What happened?
The mediots are trying to tank the economy.
Who’s Jim Cramer? The guy who used to play on “Taxi”?
“I will contain my anger... and if Europe moves against our fabulous tech companies next week, then I will be furious.”
***********
Rule #1 in investing is to avoid emotional decisions. It leads to terrible outcomes.
Don’t CARE if Wall Street sells off on Monday.
I DON’T INVEST FOR THE NEXT 24 HOURS. Or for the next week or month. My stocks are held for years. Often decades. I have some conservative positions, in case I need to pull out money in the near future. Everything else is for long term - even now in my 60s.
The “market” is dominated by big, multi-national companies who don’t give a rat’s rear end about American jobs. Only their profit next month! The market deserves to come down. It is currently overpriced and has been for a few years.
But if we start building things in America, jobs will come back and so will the market!
What matters in not next week or month, but what is happening in 2-3 years.
So +2000
Cramer.....the same ahole who wanted to throw people who didn’t get the jab into prison. Screw him!
Grotesquely over valued companies will get a reckoning. Good. I hope you invested heavily in them and defenestrate yourself, yah TWOT.
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