'I'm still very worried about this pandemic … but the charts, as interpreted by Larry Williams, suggest that the future might be brighter than we expect,' the 'Mad Money' said.
" host said the renowned market analyst and trader made one of the "boldest contrarian calls" he had ever witnessed as the coronavirus outbreak takes its toll on society. Williams believes that officials could be free to loosen restrictive measures by May 12, or three weeks from Tuesday.
The health crisis took its hold on the U.S. more than a month ago as Covid-19 diagnoses spread quickly throughout the country. Businesses were ordered closed and residents in the majority of states told to shelter in place as a means to contain the virus. "Williams is not a wishful-thinking kind of guy. He's a heavy-hitter," Cramer said, "and his forecast [is] worth taking seriously."
After cases in the U.S. spiked on March 11, new daily counts appeared to have peaked on April 10 and gradually declined thereafter, notwithstanding the fact that widespread coronavirus testing is not available, Cramer said.
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