Jim Cramer Calls It A 'Manufactured Crisis' As Markets Plunge Despite Strong Earnings

Jim Cramer Calls It A 'Manufactured Crisis' As Markets Plunge Despite Strong Earnings

As U.S. stocks continue to slide in spite of robust corporate earnings, CNBC's Jim Cramer says the downturn does not have much to do with fundamentals, and everything to do with political and economic chaos. What Happened: Cramer said on Monday that the sell-off harks back to the 2011 Eurozone crisis, calling it "a very manufactured crisis — something man-made that can be un-made with the stroke of a pen." He observed that solid earnings are bei…

This market downturn is 'manufactured' and unrelated to earnings, Jim Cramer says

CNBC's Jim Cramer on Monday suggested the market losing streak is "manufactured" and unrelated to the strength of companies' earnings.