Skip to main content

What Has Jim Cramer Worried About the Coronavirus Outbreak in South Korea

Publish date:
Video Duration:

The markets reacted to ongoing fears around the virus Thursday, with the Dow closing down around 100 points.

Friday, there’s concern around the number of cases of the coronavirus outside of China after South Korea reported 100 new cases, which brings the country’s total to over 200.

The major indices were all down in intraday trading Friday, with the Dow dipping below 300 points at one point. 

The virus was the focus of Jim Cramer's Real Money column Friday morning:

"What do you do when the coronavirus pretty much plays out as the medical people in the United States said it would? Go back to the words of our very best epidemiologist, Dr. Tony Fauci. He said it would continue to spread in China. He said that it will go through the underdeveloped world rapidly because those countries do not have a comprehensive public health system," wrote Cramer. "And the U.S.? It will spread, hopefully, more slowly where we hope to nurse people back to health"

There are over 76,000 cases, with 2,000 deaths. 

Watch the full video to see what has Cramer concerned about the number of cases in South Korea.

Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.

Catch up on the Latest Videos on TheStreet!

Related Videos