Cramer on market plunge: Coronavirus impact on companies could be 'more severe than thought'

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The global stock market sell-off as coronavirus fears spread beyond China indicates further negative effects on U.S. multinational companies’ earnings, MadMoneyOnCNBC's Jim Cramer said.

Cramer tweeted just before 5 a.m. Monday ET that he wanted to "deal with the facts" and not engage in speculation.

"If you call it an overreaction and it gets worse, you are a fool, if you say it's only going to get worse then you are a fear-monger," he said on Twitter. "We have lost containment. Now we need to slow it."The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies' earnings, CNBC'sWith U.S.

Cramer tweeted just before 5 a.m. ET that he wanted to "deal with the facts" and not engage in speculation.as the euro zone's third-largest economy grapples with the largest outbreak outside of Asia: more than 150 reported cases and four deaths.Global confirmed cases rose to nearly 79,500 with over 2,600 deaths — still with the vast majority of cases and deaths in China where the COVID-19 virus originated.

 

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MadMoneyOnCNBC Duh! Eat some insects you Kanamit.

MadMoneyOnCNBC Joe public trusted you pigs and look what you did!!! Had Joe buying all time highs just two weeks ago, hope you sleep well still tonight

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