Jim Kramer predicts in 1987 the collapse of the “Black Monday” stock market due to Trump’s tariff in the viral video
[ad_1]
The CNBC Jim Cramer Host expected to look like in 1987.Black Monday“Next week due to the definitions imposed by Donald Trump on the two countries. Kramer said:“ If the president does not try to reach these countries and companies that play according to the rules, then the scenario in 1987 … which we fell three days and then decreased 22 % on Monday, and we have the utmost.
“It is difficult to build a new, weaker, and global system on flying. They try to do this in a feverish way, but you don’t see anything yet takes the scenario of October 87 outside the table until now. Those who sleep at the bottom sleep with fish … until now, Cramer has been published on X
The bloodbath on the market continued for two consecutive days on Thursday and Friday after the Trump tariff was announced on Wednesday. Dow Jones Industry Media decreased by more than 2,200 points after China revealed severe reprisals on President Trump’s tariff. Dow Dow scored 2,231 points-a day after a decrease of 1679 points, its worst previous session since the beginning of the Covid-19 in 2020.
On Friday, heavy nasdaq technology decreased by 962.82 points, or 5.8 %, while S&P 500 decreased by 322.44 points, or 5.97 %.
The Chinese Foreign Ministry criticized the United States for using the customs tariff as a weapon for “extreme pressure and self -interest,” saying that economic bullying will come in the end. ” Pressure and threats are not the right ways to interact with China. “
Trump maintained his position on the definitions and urged the Americans to “suspend them strongly” because the definitions will not be easy. Trump said that China and “many other countries have treated us badly”, accusing them of using the United States as a “scars”, he repeated emphasizing the logical basis for definitions and accused other countries of “benefiting” from the United States.
