Cramer: Global sell-off isn't 'as special as it seems' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Wednesday's sell-off can be blamed on Turkey, China and commodities, but investors should take advantage of cheap stocks instead of worrying, CNBC's Jim Cramer said. The Mad Money host said the sell-off isn't as special as it seems because the root causes like Turkey and Macy's shouldn't be a long-term concern for investors. The ongoing spat between Turkey and the United States about the detention of an American pastor has led the countries to levy tariffs on goods on each other . This issue will go away once President Donald Trump and Turkish President Recep Tayyip Erdogan find some kind of compromise and Turkey releases the pastor, according to Cramer. And while the Turkish lira might have rallied on Wednesday, the country's ongoing problems meant that Europe took a hit because many of its banks have lent to Turkey, which is in the middle of a debt crisis. The relationship between Europe and China means that Europe's
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