S&P 500 futures are experiencing a severe drop, down about 4% recently, contributing to a staggering total loss of over $10 trillion in global stocks since April. CNBC's Jim Cramer warns that the market may face even worse conditions ahead, predicting a potential crash akin to the infamous 'Black Monday' of 1987. The market currently stands at risk of reaching an S&P of 4000, which would indicate no growth over five years—an alarming prospect for investors. Investors are left wondering how the market will stabilize as uncertainty looms over European markets impacting global equity conditions.
S&P 500 futures are crashing, with predictions of a further 20% decline, leading to concerns about exceeding $10 trillion in total global stock losses.
Cramer's warning of a potential new 'Black Monday' echoes the historical 1987 crash, with the S&P potentially retrenching to 4000, marking five years of stagnant returns.
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