Jim Cramer, the host of CNBC's Mad Money, expressed grave concerns over the stock market's collapse following President Trump's tariff announcements. The Dow suffered a staggering drop of 2200 points alongside fears of a potential 'Black Monday', similar to the 1987 crash. He emphasized that without intervention from the president to stabilize relations with affected countries and companies, a repeat of the significant market downturn could occur. Cramer acknowledged strong employment numbers might buffer against recession but remains vigilant about future ramifications, anticipating a volatile market ahead if actions aren’t taken.
CNBC host Jim Cramer warned of potential market collapse due to Trump's tariffs, drawing parallels to the 1987 Black Monday crash and expressing concern for future market stability.
Cramer dubbed the market's outcomes 'The Big Kahuna,' referencing the painful drops of the 1987 crash, suggesting that without corrective actions, history may repeat itself.
While employment numbers were strong, Cramer cautioned that if Trump remains unyielding and fails to address current market issues, a bigger crash is inevitable.
Cramer expressed his frustrations vividly, indicating that he can restrain his anger but firmly believes the current situation could have been avoided.
Collection
[
|
...
]