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Jim Cramer, a prominent financial commentator, has projected that the S&P 500 Index could decline to 4,000 points. During a segment on CNBC, he indicated that this target is based on an expected earnings multiple of 18 on projected S&P 500 earnings of $220. This forecast suggests a drop of over 1,000 points from the index's recent closing levels. Cramer emphasized that the market is still reacting to developments in Europe, stating, "Tomorrow is not the bottom because Europe hasn't been heard from yet." His comments reflect ongoing concerns about market stability and earnings expectations.
BREAKING: JIM CRAMER JUST SAID HE'S LOOKING FOR S&P 4000 ON CNBC 🚨 "I want to see where things settle in... tomorrow is not the bottom because Europe hasn't been heard from yet. S&P 4000 is where I'm looking," Jim Cramer on CNBC, per @NicholasABrown_ https://t.co/0QGY7bEvhC
Jim Cramer just said he sees the S&P 500 Index going to 4,000 "I want to see where things settle in... tomorrow is not the bottom because Europe hasn't been heard from yet. S&P 4000 is where I'm looking" - Jim Cramer on CNBC via @NicholasABrown_ https://t.co/WlVitoAD2k
Breaking: Jim Cramer sees the SPX headed to 4000
