Jim Cramer: Don’t Be Too Pessimistic About Brexit

Don't be too negative about the prospect of a so-called Brexit, says TheStreet's Jim Cramer. In his view, this is not 2011 when Italy's bond yields were sky-rocketing and the economy in Greece was falling apart. Cramer says a Brexit is not an artificial issue, but the negativity has reached levels which are too extreme given the real underlying circumstances. It does not pay to be too pessimistic, in Cramer's view, given the fact that we are an ocean away.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.