Jim Cramer’s Dow predictions look way off
Are you worried now, Jim?
Stock picker Jim Cramer, host of CNBC’s “Mad Money,” predicted on Monday that the stock market would avoid a fr꧒ee-fall this month — only to see the Dow Jones industrial average plunge as much as 700 points in less than two days.
“Nothin🐠g worries me in the sense of looking for a big sell-off in December, but I’m looking for more reasons for it to go higher,” Cramer said on CNBC’✨s “Squawk Box” early Monday.
That’s despite increas🍃ed market jitters over an iffy economic outlook and trade tensions with China.
The Dow fell moments after Cramer’s hopeful comments, dropping 90 points during the first half-hour ofℱ tradingꦗ.
After losing 268.37 points Monday, it dropped more than 400 points Tuesday afte𒀰r President Trump said he might delay a China tr﷽ade deal until after the 2020 elections.
The blue-chip index was recently 𒆙off 342.16 points, or 1.2 percent, at 27,440.88, leaving it down more than 600 points🐻 since Cramer’s comments.
In the final month of 2018, the Dow plunged by more than 4,000 points as concerns about economic weakness, politica♐l gridlock, global trade uncertainty and fear of higher interest rates weighed d💙own on investor confidence.