Publish date:

Jim Cramer's Stop Trading! World's Worst

Cramer laments and opaque Fed and too much regulation in the U.S.

U.S. markets are performing poorly relative to their overseas rivals partly because of overregulation, partly because of the

Fed

, Jim Cramer said on

CNBC's

TST Recommends

"Stop Trading!" segment Thursday.

"We're so clearly the worst of the world today," Cramer said, pointing to the triple-digit selloff in the

Dow

and 2.2% slide in the

Nasdaq

.

"You gotta love the French and Germans. They're socialists and they're killing us," Cramer said. "They don't have central banks that are opaque and difficult to understand." Cramer said scandals like Enron and WorldCom have left European regulation "looser than in our country."

Cramer noted that inventory concerns led to big selloffs Thursday in

Broadcom

and

Marvell

(MRVL) - Get Report

. Asked if they'd rebound, Cramer said, "You have to wait for the fever that is gold and copper to break. Every dollar out of Broadcom and Marvell is going to

Phelps Dodge

(PD) - Get Report

and

GoldCorp

(GG)

."

Cramer said

Genzyme

(GENZ)

might be a good "contra play" heading into its analysts' meeting Thursday. "They're at a 52-week low. I think they talk a good game."

At the time of publication, Cramer had no positions in the stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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