How Low Will the Euro Go?
Our markets are captive to Europe’s troubles, Cramer said during Tuesday’s Mad Money.
Big money managers are relentlessly selling stocks on fears of the Continent’s debt woes, and that’s bringing the markets down as a whole. After all, these guys deal in such high volume that they literally set the market’s prices. And right now they’ve decided that when the euro heads lower, so should we.
No, this doesn’t necessarily make sense, not with all the positives that Cramer pointed out during today’s show. But it doesn’t have to make sense, he said. The big money is in control, so therefore stocks are going to trade as if the euro were all important.
So where is the euro headed? Cramer went “Off the Charts” to find out. Watch the video for his full report.
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