The markets are tanking on Thursday, with the Dow down 500 points earlier in the session amid concerns about rising interest rates and ongoing troubles at Action Alerts PLUS holding Facebook (FB) . And that was before President Trump slapped China with $60 billion in tariffs.
Jim Cramer: No Place to Go and Fewer Places to Hide
Jim Cramer writes that there are a "diminishing group of stocks to buy [and a] diminishing group of countries to turn to. ... Remember, one of the most important props to this rally is that the growth isn't just in America, it is worldwide. Now on top of that comes the tariffs that can only slow world trade even more."
Watch: Jim Cramer and Ken Fischer at the Financial Times Conference: FT Future of News
Tip-Off Time for Real Money's 'Sweet 16' Stock Selections
3 Ways to Play the Fed's Rate Hike
Real Money columnist James "Rev Shark" DePorre writes that he sees three ways to play rising Federal Reserve interest rates.