Cramer: Don’t underestimate China
Published Fri, Jul 10 20156:20 PM EDTUpdated Fri, Jul 10 20157:14 PM EDT
Abigail Stevenson
The world now knows that China is in big trouble. But Jim Cramer recalls just a few weeks ago when the stock market was flying high and investors were flocking into the Chinese stock market. Things can change quickly!
So, does that mean China could pull off a turnaround just as fast?
Cramer sees the 36 percent decline in the Shanghai Composite from its peak a little less than a month ago as one that looks remarkably similar to the crash of the Nasdaq after it peaked in March 2000.
“China’s government seems as hapless as the little Dutch boy with his fingers in the dike, while millions of people watch their life savings disappear,†the “Mad Money†host said. (Tweet This)
https://www.cnbc.com/2015/07/10/cramer-dont-underestimate-china.html
