Cramer: Dow Under 8,400 a Real Possibility

Tuesday, September 30, 2008 2:58 PM

Stock guru Jim Cramer says problems abroad and at home could lead the Dow to a shocking new low, as far down as below Dow 8,400 — if a bailout doesn’t emerge from Congress soon.

“There is so much going wrong. The credit markets are vanishing, the earnings are vanishing, and the only hope is a plan that ignites credit markets, forces money off the sidelines and gets this economy and the worldwide economy moving again,â€