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Wed Oct 10, 2018, 07:42 PM

Cramer's sell-off handbook: 4 things need to happen for stocks to recover

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Sell-off remedies

How can the stock market reverse its dramatic decline? Cramer saw four potential recovery drivers.

First, Fed Chair Jerome Powell "needs to walk back his comments" about raising interest rates, possibly even aggressively, to combat the strength of the economy, Cramer said, reiterating earlier remarks on the central bank's leader.

"The problem is President Trump keeps putting Powell in a box by saying what he did today, which is exactly what I'm saying," he continued. "So now I think Powell feels the need to dig in his heels and talk about the dangers of being too soft on inflation."

"Shame on them. I don't want 2007 again. You don't want it either," the "Mad Money" host said.

Second, the price of oil needs to reverse course and start declining despite how it might effect major oil producers, Cramer said.

"We've created a shortage with the new sanctions on Iran we don't have enough crude in this country to make up for the shortfall," he said. "If oil doesn't come down, there's no saving the industrials and the transportation from commodity inflation."

Third, transportation costs need to come down, and for that to happen, the country needs more truck drivers, Cramer said.

"The issue here is safety regulations that limit the number of hours truck drivers can spend on the road each week," he explained. "Believe me, I get why these rules exist — you don't want people driving 18-wheelers with no sleep. But now that these rules are in place, the trucking companies really need to start hiring some younger drivers to make up the difference."

Fourth, the U.S. could use a break in its trade war with China, Cramer said, adding that it "doesn't matter which side blinks as long as we get some reassurance that things aren't spinning out of control."

https://www.cnbc.com/2018/10/10/cramers-sell-off-handbook-4-things-must-happen-for-stocks-to-recover.html

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Reply Cramer's sell-off handbook: 4 things need to happen for stocks to recover (Original post)
Troll2 Oct 10 OP
Solesurvivor Oct 10 #1
RCW2014 Oct 10 #2
Troll2 Oct 10 #3
Solesurvivor Oct 10 #4

Response to Troll2 (Original post)

Wed Oct 10, 2018, 07:57 PM

1. Damn you have a hard on for this subject lol calm down skippy

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Response to Solesurvivor (Reply #1)

Wed Oct 10, 2018, 08:11 PM

2. Just curious. What newsworthy OPs have you contributed to the forum lately? nt

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Response to Solesurvivor (Reply #1)

Wed Oct 10, 2018, 08:29 PM

3. It's the top story of the day

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Response to Troll2 (Reply #3)

Wed Oct 10, 2018, 08:53 PM

4. Na I think the Hurricane is

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