Cramer: Only Another 18% Downside On The DOW!

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Jim Cramer has had it with all these people calling for DOW 4000.  He’s done the maths on his worst-case scenario, and the lowest number he can come up with is 5320.

That’s only another 18% down from here!

Jim’s assumptions? 

  • GM goes to zero
  • Bank stocks to $1
  • Microsoft to $13
  • Merck to $15
  • Etc. 

Only another 18%?  After where we’ve come from, that’s no problem.  Unless Jim’s wrong.

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