Jim Cramer has a plan.
He broke it down during TheStreet Live.
But, let's break down the markets for you first.
But, First, the Markets
Stocks extended steep declines Thursday after financial measures laid out by President Donald Trump to stem the threat to the economy from the coronavirus made investors even more jittery and the European Central Bank left rates unchanged when markets expected more.
Stocks were halted from trading for 15 minutes soon after markets opened when the Dow and S&P 500 fell 7%, triggering circuit breakers that paused trading.
Rest In Peace Bull Market
Or, so reads Cramer's column on Real Money this morning.
Here's what Cramer wrote:
The Bull had a long history of tussling with ailments, fed rate hikes, erratic policy statements, overly exuberant froth and hedge funds who would come on tv and fret endlessly about the federal reserve. But it was an actual illness that laid him low and when he was toppled he landed upon thousands of dip buying flies who had always thought they could dart in and out without much worry. They were faster than he was until he departed. Then fell like a ton of bricks.
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