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Cramer points to 3 political problems threatening the stock market’s bull case

After recording it through the weekend’s political woes — from Trump’s retaliation on Syria to ex- FBI Director James Comey’s ABC interview to the turmoil brewing around Trump counsel Michael Cohen — CNBC’s Jim Cramer still harbored some reference ti.

“The market breathes a sigh of relief and rallies today,” the “Mad Money” MC said on Monday. “But here’s the problem: none of these issues is in reality resolved.”

First, not long after President Trump set off a missile take apart on three Syrian chemical weapon facilities, Syrian President Bashar Assad was seen chortle with Russian advisors about Trump’s limited response.

“The Syrian courteous war went right back to business as usual the next day,” Cramer alleged.

Second, the “Mad Money” host figured Comey’s upcoming book junket would provide more salacious details and revelations over eventually to garner publicity.

Third, the Cohen story seems to be developing as more of a “unproductive burn” than a one-off headline, creating a destabilizing undercurrent for the Trump administering, Cramer said.

So, what does that mean for investors?

“I’ll determine you: it means we’re going to have to deal with this backdrop against earnings every day, and twice on Saturdays and Sundays,” Cramer thought. “Yep, I think it could be an overhang because the stock market hates disorder, and given the nature of these challenges to President Trump, you have to sweat blood that chaos is what we’re going to get.”

And while Cramer hoped that Friday’s earnings lucky strike from Honeywell, General Electric, Procter & Gamble and Schlumberger wish offset the weekend jitters that threaten the market layout, he allowed that hope was no investing strategy.

“Until these issues get cleared up in one way, if they even can be cleared up, the worries will linger,” he said. “I’d adore to be proven wrong here, but for the moment, let’s assume … every Friday is a libel of woe and every Monday rolls back some of those losses as the supermarket breathes a sigh of relief if nothing catastrophic occurs.”

Disclosure: Cramer’s beneficent trust owns shares of Honeywell and Schlumberger.

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