Key Words: Jim Cramer: This market is reminiscent of the worst crashes I’ve ever seen

‘As much as it pains me to say this, the current situation combines… some of the worst characteristics of those four past breakdowns.’

That’s CNBC’s resident market maniac Jim Cramer dropping heaps of FUD (fear, uncertainty, doubt) on his audience Monday night as stocks continue what he described as a “slow-motion train wreck.”

He talked about the only four times in his career that he’s ever dumped his entire equity portfolio. Three times it worked. Once it didn’t.

In October 1987, it was a whipsaw mechanical plunge that became known as Black Monday, and “now it’s algorithms and ETFs,” he said.

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