Wall Street’s nerves are raw and Jim Cramer threw petrol on the fire. The guest of the CNBC invoked the 1987 Black Monday spectrum, linking the turbulence to the Trump’s “Liberation Day” rates. Cramer warned that the markets could fasten in ways that we haven’t seen for decades unless something moves.
Of Cramer’s track record, but also a broken watch is just twice a day.
Is there any correlation with Black Monday?
While Black Mondoy occurred in the 80s, experts quote the 1930 Smoot-Hawley Act as the first historical reference.
That black Thursday opened like an intestinal fist, Swith Tocks crashed by 11% before crater further in the days to come. The traders were left to collect through the rubble, crying a market that lost 25% of its value within 48 hours. What followed was the ugliest economic chapter in history, culminating in a global depression.
The 1930 Smoot-Hawley Act transformed the knife, raising rates when the nations were already bleeding.
Black Monday, which occurs 50 years after depression, has a model similar to today.
The 1987 accident was an intestinal fist, canceling 22.6% of the Dow Daily, the most acute drop in the history of the United States. The liberation day of Trump, a 10% import rate of Trump together with targeted sanctions up to 54% on commercial giants such as China and India, is already trembling the markets. At the end of the week, the losses were on the Stark show:
- The S&P 500 dropped by 6%, marking its strongest drop since March 2020.
- The Dow collapsed by over 5%, reflecting the growing fears of investors.
- The global markets, from Asian Nikkei to the Dax in Europe, have had significant drops, reporting a widespread apprehension.
Experts like Cramer fear that this could be a prelude to a wider market event if the corrective measures are not taken quickly.
We stayed in a recession, the administrator Biden changed the definition
The point we are doing is that people like Jim Cramer are wrong. We had a recession and we are heading to one, no matter who becomes president. You have to love gaslighting.
Under Biden, the GDP descended by two quarters in a row in ’22, which is normally a recession of textbooks. However, WH & NBER dodged the labeling. Oh, and this also happened: pic.twitter.com/z0sjbrazbu
– David Nage
(@Davidnage) April 4, 2025
In 2022, the Biden administration redefined what constitutes a recession. For decades, two quarters of rectilinei of the falling GDP were the Gold Standard of the diagnostic in recession: clean, simple, brutal.
To avoid bad advertising, they rewritten the definition to say that the only GDP is not enough to call a recession, launch work markets, consumer expenditure and business investments in the mix.
Okay, let’s say that an event of Black Monday happens. What are we buying?
Canned beans, a gun and ammunition? Apart from all the jokes, this is a clear basic opportunity to load more bitcoins and guide L1 alternatives such as Sul, Solana and Polkadot.
Cramer’s speech of a “Black Monday 2.0” remains speculative, but the warning lights are there. What should give you a break is the same people who are wrong on everything are the most vocal against rates. In addition, much of this already has a price.
Explore: the XRP price jumps 11% after the SEC Tease XRP Etf progress cryptographic unit
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Keyway keyway
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Wall Street’s nerves are raw and Jim Cramer has just thrown petrol on the fire asking for the Black Monday 2.0.
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Of Cramer’s track record, but also a broken watch is just twice a day.
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Black Monday, which occurs 50 years after depression, has a model similar to today.
The post black Monday coming: Jim Cramer says that the Trump rates that cause the recession appeared for the first time on 99 bitcoins.