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Corona Virus The Reason or EXCUSE for Market Plunge?
05-23-2020, 03:21 AM
Post: #406
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
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06-09-2020, 01:29 PM (This post was last modified: 06-09-2020 01:29 PM by karasu.)
Post: #407
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
Jim Cramer: Coronavirus pandemic triggered ‘one of the greatest wealth transfers in history’


“That’s the thing about this pandemic,” Cramer continued, “it’s been one of the greatest wealth transfers in history.”

Cramer projected that transfer to have a “horrible effect” on the country.


“How can the market rebound without the economy? Because the market doesn’t represent the economy; it represents the future of big business,” said Cramer. “The bigger the business, the more it moves the major averages.”


“And that matters,” he continued, ‘because this is the first recession where big business—along of course with bigger wealth, but that’s not really by show—is coming through virtually unscathed


Further, the CNBC host said, “we’ve barely begun to see the impacts” of the pandemic’s economic fallout. Cramer pointed to the latest corporate bankruptcy figures he said would “chill both Republicans and Democrats.”-----

https://www.rawstory.com/2020/06/jim-cra...n-history/



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06-18-2020, 07:32 AM
Post: #408
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
‘People should buy stocks’ — Cramer gushes over retail comeback, promising coronavirus drug trial
PUBLISHED TUE, JUN 16 2020------

https://www.cnbc.com/2020/06/16/cramer-p...lainternal
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