CNBC host Jim Cramer made a series of posts on X over the weekend warning of another ‘Black Monday’ when the markets reopen on April 7th, in response to the tariffs imposed by the Trump administration.
What Happened: The former hedge fund manager drew parallels between the current market and that infamous week in October 1987, when the Dow Jones Industrial Average dropped 23% in a single day.
The tweets were in addition to the now-viral video of Cramer’s Friday Mad Money segment, where he claimed that if President Donald Trump ‘doesn’t reach out to the countries and companies that play by the rules’ then a 1987-like scenario has the ‘most cogency.’
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 …Full story available on Benzinga.com
