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RealMoney Radio Mailbag: Wall Street Crash Not Likely

TheStreet.com Staff

Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

What are the chances of a market crash happening in 2007?

-- David

Jim Cramer: I believe the chances of a market crash, meaning a huge drop in one day, is pretty unlikely at this point. Stocks aren't expensive relative to historical averages, and we have a huge amount of buyout activity taking supply out of the market. Unless things get very bubbly should we worry about a major crash.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.