Cramer: Why 2009 Is Not 1930

stockbox.tv — Fri, 31 Jul 2009 14:19:22 +0000

“Right now I think the systemic risk has been taken off the table,” Cramer said. “In 1930, it was just getting on the table.” Back in 1929-’30, the Dow rallied 46% over a period of 147 days, but then followed with two full years of declines. By the time it ended, the Dow had lost 85% of its value. Well, as of Wednesday’s close, the Dow had added 46% in 145 days, or since the March 6 low. Does that mean we’re destined for the same drop that rocked the market almost 80 years ago? -cnbc

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Cramer: Why 2009 Is Not 1930