And just like that the recession bells are ringing again on Wall Street.
Jim Cramer and Action Alerts PLUS research analyst Zev Fima break down Goldman Sach's latest growth predictions, stocks to buy if the trade war worsens and of course, Real Money Stock of the Day Viacom (VIAB - Get Report) .
Goldman Gets Gloomy
Goldman lowered its forecast for U.S. growth in the fourth quarter to 1.8%, citing escalating fears that the trade war between the U.S. and China will trigger a global recession. In addition, Goldman said it doesn't expect a trade deal before the 2020 election.
Is it time to get worried or has Wall Street caught a case of doom and gloom? Jim Cramer breaks down his latest take on the market and his outlook going forward.
Find Your Trade War Safe Haven for $1?
In his latest Real Money column, Cramer wrote, "I think you can own these two stocks if the coast clears, but why add now if you know that prices are coming down -- even if they shouldn't?"
So when is the moment to hit the trigger and buy?
Is Viacom Finally Ready to Change the Channel?
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