Harvard expert Jim Cramer predicts a market ‘Black Monday’

CNBC host and market commentator Jim Cramer sparked headlines by warning of a major market crash on Monday, potentially rivaling 1987’s “Black Monday,” when the Dow Jones plunged 22.6% in a single day. Cramer believes the recent trade tariffs introduced by President Donald Trump could trigger a similar collapse.

Speaking on his show Mad Money on CNBC, Cramer also asserted that the situation might get worse if Trump didn’t reach out to the countries that have not imposed retaliatory tariffs.

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Jim Cramer: From Harvard Journalist to Market Guru

Cramer, known for his outspoken views, hosts the ‘Mad Money’ show on CNBC. He is also the co-anchor of the 9 am show Squawk on the Street. According to his profile at CNBC, Cramer also runs the CNBC Investing Club, which helps investors build long-term wealth in the stock market. He is also the founder of TheStreet, a financial media website where he writes market commentary and participates in video segments.

In the past, Cramer has worked as a hedge fund manager and also founded the investment firm Cramer Berkowitz, where he served as the senior partner. When he retired from the hedge fund, he had one of the best records in the business.

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Cramer’s academic journey began when he graduated from Harvard College, where he was president and editor-in-chief of the prestigious daily, The Harvard Crimson. After graduating, he became a reporter for the Tallahassee Democrat and later joined the Los Angeles Herald Examiner, where he covered stories ranging from homicides to sporting events.

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