Cramer: Why We Won't Revisit Dow 6,500
The stock market is worse off than it was a month and a half ago, Cramer said during Tuesday's Mad Money, but that doesn't mean we're in for a repeat of 2008 and early 2009.
In early 2009, the Dow dropped to the "generational bottom" of 6,500, Cramer said, and investors feared for the financial survival of the western world. Yet today people act as though the "stock market is doomed.” He thinks the negativity and pessimism about the markets is overblown.
Posted on June 9, 2010
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