U.S. markets are performing poorly relative to their overseas rivals partly because of overregulation, partly because of the
, Jim Cramer said on
"Stop Trading!" segment Thursday.
"We're so clearly the worst of the world today," Cramer said, pointing to the triple-digit selloff in the
and 2.2% slide in the
"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
. 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
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.
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