(DCNF)—CNBC host Jim Cramer predicted a market collapse reminiscent of “Black Monday” in 1987 on Friday, but it did not materialize.
Cramer warned viewers on “Mad Money” that a crash like “Black Monday,” where the Dow Jones Industrial Average plunged roughly 22% in a single day, could be on the horizon. However, the Dow Jones Industrial Average fell just .91% on Monday, while the S&P 500 dipped .23% and the Nasdaq Composite actually rose by approximately .10%.
“We’re in one of three modalities, okay? We could be in for the grips of a quick bear market à la the COVID 2020 model. We could be in for a 2000-style bear market, where tech was laid to waste for a very long time,” Cramer said. “Or it might be the big kahuna. That’s the one of October of 1987, where the market went down hard for three days — Wednesday, Thursday, Friday — and then it went even harder on a day we call ‘Black Monday,’ where the market fell 22%.”
“If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario, the one where we went down three days and then down 22% on Monday has the most cogency,” he continued. “We will not have to wait out too long, will we? We’ll know by Monday.”
The stock market temporarily lurched 8% upwards in a matter of minutes on Monday after CNBC ran several chyrons inaccurately stating that Trump was contemplating a 90-day pause on the tariffs. However, White House press secretary Karoline Leavitt told the outlet that it was “fake news.”
The market subsequently dropped 3.5% in a matter of seconds after Leavitt debunked the claim, according to Bloomberg podcaster Joe Weisenthal.
U.S. stocks nosedived for a second consecutive day on Friday after President Donald Trump announced sweeping tariffs on Wednesday. The Dow Jones Industrial Average and the S&P 100 each experienced their steepest declines since June 2020, 5.5% and 5.8%, respectively.
The Nasdaq Composite also fell 5.6% on Friday.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
Crazy Cramer knows nothing
Jim Cramer is the most ignorant stock trader/economist in the world today.
How he has that job nobody knows.
This clown is wrong more often than a weatherman.
When Cramer tells you to do something, do the opposite!
It DID come to be….. In china!!
Never listen to Anti-American Cramer!
Cramer’s purpose is to deceive. He reads his establishment script. But, he is no expert any thing.
He’s mentally ill, clearly takes psychiatric drugs.
The first time I saw Cramer, I thought he acted like a circus monkey…
But today, I realize he has a lying spirit in him, just like alot of Democrats I see…
Take whatever Cramer says and do the exact opposite unless you want to lose everything you have!
Trump doesn’t have to do anything. The high tariff countries are far more dependent on US than we are on them.
Does anyone even listen to that guy anymore? I NEVER did. Dr. Oz is another one.