Key Words: CNBC’s Jim Cramer: This is more chaotic than the financial crisis and could finally kill the bull market


‘The collapse in oil and the collapse in yields are both unprecedented and exceed the chaos of 2007-2009.’

That’s CNBC’s Jim Cramer capturing the mood on Wall Street on Monday, with the Dow Jones Industrial Average dropping more than 2,000 points, oil prices
CL00,
+8.89%

plunging and the 10-year Treasury yield
TMUBMUSD10Y,
0.697%

plumbing historic lows.

In a series of tweets, Cramer warned that signs point to an imminent recession:

Cramer also said that, by the market close, the bull market investors have enjoyed for more than a decade could be toast. “I think that that’s certainly a realistic thing,” he said. “It’s been a great run.”

A great run, indeed. The bull market kicked off 11 years ago today — happy birthday? — and it emerged as the longest on record by August 2018. But we could be nearing the end of it.

A bear market is widely defined as a drop of 20% from recent highs. The S&P
SPX,
-7.59%

would have had to close at 2,708.92 to enter bear territory, according to Dow Jones Market Data. The Dow
DJIA,
-7.78%
,
which briefly broke below the bear number, would have had to end at 23,641.14. In both cases, the death of the bull was ultimately avoided. For now.

Here’s more from Cramer:

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