Jim Cramer predicts a 1987 “Black Monday” style stock market due to Trump prices in viral video

The host of CNBC, Jim Cramer, predicted a type of 1987 ‘Black“The coming week due to the prices that Donald Trump imposed on the countries. “If the president is not trying to reach out and rewarding these countries and the companies that respect the rules, then the scenario of 1987 … The one where we dropped three days, then down 22% on Monday, has the most power. We will not have to wait too long to find out. We will know on Monday,” Cramer said.
“It is difficult to build a lower new world order on the fly. Trying frantically to do it but do not see anything that still removes the scenario of October 87.
The market market continued for two consecutive days on Thursday and Friday after the announcement of Trump’s price on Wednesday. Dow Jones Industrial Average fell by more than 2,200 points after China has unveiled rigid reprisals at President Trump’s prices. The DOW landed 2,231 points – one day after having been a decrease of 1,679 points, its worst previous session since the start of the COVID -19 pandemic in 2020.

On Friday, the Nasdaq, heavy in technology, fell 962.82 points, or 5.8%, while the S&P 500 widely based by 322.44 points, or 5.97%.
The Chinese Foreign Ministry has criticized the United States for using prices as a weapon for “extreme pressure and personal interest”, saying that “economic intimidation will finally turn around”. “We are not looking for conflicts, and we don’t fear it either. Pressure and threats are not the right ways to engage with China,” the Ministry of Foreign Affairs said in a long press release today.
Trump maintained his position on the prices and urged the Americans to “suspend” because the prices will not be easy. China and “many other nations have treated us poorly,” said Trump, accusing them of using the United States as a “whip post”, reiterating his justification for prices because he accused other countries of “taking advantage” of the United States.