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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