Monday was not Black Monday with a major stock market fall out, as predicted by CNBC’s Jim Cramer and about every other corporate media outlet. Instead, markets ended up for the day.
The market was up at the end up Monday so Cramer explained it…this way. I don’t even know what he’s saying really. I think he’s saying it’s not that big of a deal actually and we’re not heading for such a bad time. On second thought, don’t sell everything, he’s saying.
Maybe the tariff plan is not so bad. European Commissioner Ursula Von Der Leyen now says that Europe will offer the U.S. a zero-for-zero tariff deal and there are reports that more than 70 countries have called the White House to negotiate their own trade deals. Considering there were 100 tariffs announced, that’s a 70% success rate in just a few days so…could it work?