Cramer during Tuesday’s Stop Trading! once again tried to put Europe’s debt problems into perspective for viewers. Similar situations arose in Latin America in the 1980s and Asia in the ‘90s, he said, but still the markets pushed forward and stocks were bought and sold.
The Mad Money host admitted that the credit troubles affecting Greece and some other European nations are “bad for the stock market until they’re sorted through,” but countries, unlike businesses, never file Chapter 11. Instead they default, which brings in the International Monetary Fund to restructure the debt.
- Cramer's Top 20 Earnings To Watch: February 2010
“But in the meantime,” Cramer said, “you just trade on it.”