![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcDSCfZEsrF34RO4UhjSaUlx2iMhYgatSPKQtHCCkMuwe8H2K-X_Uqhx_IDl718uztUR0QQqymmVnlc3KpaTnUSOvggioEXo9PhYgFPyN_ru7znbEYUgOephUQVFFgHni4a9YN/s400/cramer2.jpg)
Cramer even used the word Armageddon, hoping to nudge Bernanke, Poole & Co. to nudge that fed funds rate back down. There is a good chance of that happening later in the year, but with BSC losing a third of its value in the last couple of months, I guess, for some, it is really is Armageddon right now.
I think it could get a lot worse than it is now, with the S&P slipping another 10% to under 1400. But that is still a rather gentle lull compared to 2001-2002.
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