How This Selloff Works: Cramer's 'Mad Money' Recap (Wednesday 8/15/18) [TheStreet.com]
Macy's Inc (M)
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Source: TheStreet.com
How This Selloff Works: Cramer's 'Mad Money' Recap (Wednesday 8/15/18) If you're not buying into today's market weakness, then you're missing a terrific opportunity, Jim Cramer told his Mad Money viewers Wednesday, as he listed the reasons the market was worried and all the reasons why the market was wrong. First up, Turkey. Cramer said while Turkey continues to make headlines, the fact is that Turkey's problems are man-made and fairly easy to solve. European banks have lent money to Turkey and will be on the hook for loses, he said, but the effect on U.S. banks is almost nil. Next, China. Conventional wisdom is that China is playing the long game when it comes to tariffs and trade. But the fact is that the Chinese stock market is its own living entity and stocks can't be forced to go higher. That's why Chinese stocks continue to fall. Then there are the fears of inflation. The bears cite Kimberly-Clark ( KMB ) raising prices as proof positive of rampant inflation
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