Cramer Warns of ’87-Style Black Monday Crash; But for Bitcoin Bulls This is the Biggest Buy Signal
- Jim Cramer warns of a potential 1987-style Black Monday crash today.
- Bitcoin experts see the market panic as a historic buy signal.
- Despite fears, crypto bulls remain optimistic about Bitcoin’s recovery and long-term prospects.
“Mad Money” host Jim Cramer warned investors late last week that another major market crash could unfold today, Monday, April 7th, comparing current volatility to 1987’s Black Monday plunge.
His warning followed a brutal week where tariff fallout wiped trillions from global stocks.
Why is Jim Cramer Warning of a Crash Today?
Cramer pointed to the severe market reaction following President Trump’s tariff implementation, which saw the Dow lose over 2,200 points last week and global equities shed a reported $6.5 trillion Thursday and Friday alone. He cautioned that without government intervention to mitigate the economic damage, a crash mirroring the 1987 meltdown (when markets fell 22% in a day) is a real possibility as US markets reopen.
Cramer outlined three dangerous potential paths: a fast COVID-style bear market, a prolonged dot-com-like tech crash, or the full 1987 scenario, stating, “we’ll know by Monday.”
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The post Cramer Warns of ’87-Style Black Monday Crash; But for Bitcoin Bulls This is the Biggest Buy Signal appeared first on Coin Edition.
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Cramer Warns of ’87-Style Black Monday Crash; But for Bitcoin Bulls This is the Biggest Buy Signal
- Jim Cramer warns of a potential 1987-style Black Monday crash today.
- Bitcoin experts see the market panic as a historic buy signal.
- Despite fears, crypto bulls remain optimistic about Bitcoin’s recovery and long-term prospects.
“Mad Money” host Jim Cramer warned investors late last week that another major market crash could unfold today, Monday, April 7th, comparing current volatility to 1987’s Black Monday plunge.
His warning followed a brutal week where tariff fallout wiped trillions from global stocks.
Why is Jim Cramer Warning of a Crash Today?
Cramer pointed to the severe market reaction following President Trump’s tariff implementation, which saw the Dow lose over 2,200 points last week and global equities shed a reported $6.5 trillion Thursday and Friday alone. He cautioned that without government intervention to mitigate the economic damage, a crash mirroring the 1987 meltdown (when markets fell 22% in a day) is a real possibility as US markets reopen.
Cramer outlined three dangerous potential paths: a fast COVID-style bear market, a prolonged dot-com-like tech crash, or the full 1987 scenario, stating, “we’ll know by Monday.”
Related: R…
The post Cramer Warns of ’87-Style Black Monday Crash; But for Bitcoin Bulls This is the Biggest Buy Signal appeared first on Coin Edition.
Read More
Bitcoin, Altcoins Fall as US Tariff Hike on China Spooks Global Markets