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Cramer: Europe to Collapse in 48 Hours – or Never

Posted By admin On May 20, 2010 @ 3:26 am In Money Watch | Comments Disabled

Drew Sandholm
CNBC [1]
Thursday, May 20th, 2010

If we don’t see total capitulation in Europe over the next two days, Cramer said during Wednesday’s Stop Trading!, investors may have to admit that the Continent is “merely” suffering a downturn. Because the repercussions from the expectations of a collapse, which have fed the negativity in the American markets and driven down stocks, can’t continue for much longer without it actually happening.

Cramer said Europe’s debt woes have sunk price-to-earnings multiples here in the States, but to such levels that could only be justified by a Lehman Brothers-type event.

If we don’t get that event, then American investors are going to have to readjust to a Europe that’s merely bad, one where austerity reigns, business slows and the euro continues to decline.

Full article here [1]

Cramer: Europe to Collapse in 48 Hours – or Never  150410banner7 [2]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/37233453

[2] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

[3] Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe: http://www.prisonplanet.com/jim-cramer-is-predicting-bank-runs-in-spain-and-italy-and-financial-anarchy-throughout-europe.html

[4] Cramer: U.K. Bank ‘Socialization’ a ‘Great’ Plan for U.S.: http://www.prisonplanet.com/cramer-uk-bank-socialization-a-great-plan-for-us.html

[5] Has The Financial Collapse Of Europe Now Become Inevitable?: http://www.prisonplanet.com/has-the-financial-collapse-of-europe-now-become-inevitable.html

[6] Cramer: Get Ready for Another Black Monday: http://www.prisonplanet.com/cramer-get-ready-for-another-black-monday.html

[7] Tensions Explode On CNBC, As Simon Hobbs Tells Cramer: “You Told People To Buy Bear Stearns!”: http://www.prisonplanet.com/tensions-explode-on-cnbc-as-simon-hobbs-tells-cramer-you-told-people-to-buy-bear-stearns.html

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