CNBC’s Mad Money host Jim Cramer may really be an inverted soothsayer, as yet another of his predictions went in the complete opposite direction. That’s probably what happens when your brain just happens to be screwed on backwards.
Cramer was blowing whatever gaskets he had left over President Donald Trump’s sweeping tariffs during the April 4 edition of his show, heralding stock market Armageddon of 1987-like proportions as early as April 7 if Trump didn’t reverse course. “The implosion of our markets continues,” cried Cramer, dubbing tumbling stocks on Friday a “man-made obliteration.”
He predicted three “modalities:” a “quick bear market” similar to the 2020 pandemic year, a “2000s-style bear market,” or “it might be the Big Kahuna” Black Monday bear market of 1987, “where the market went down hard for three days”…
