Posted on 04/08/2025 10:10:05 AM PDT by JV3MRC
CNBC’s Mad Money host Jim Cramer may really be an inverted soothsayer, as yet another of his predictions went in the complete opposite direction. That’s probably what happens when your brain just happens to be screwed on backwards.
Cramer was blowing whatever gaskets he had left over President Donald Trump’s sweeping tariffs during the April 4 edition of his show, heralding stock market Armageddon of 1987-like proportions as early as April 7 if Trump didn’t reverse course. “The implosion of our markets continues,” cried Cramer, dubbing tumbling stocks on Friday a “man-made obliteration.”
He predicted three “modalities:” a “quick bear market” similar to the 2020 pandemic year, a “2000s-style bear market,” or “it might be the Big Kahuna” Black Monday bear market of 1987, “where the market went down hard for three days” before diving another 22 percent. But Cramer, true to form, put more stock in the outlandish doomsday scenario.
“If the president doesn’t try to reach out and reward these countries and companies that played by the rules, then the 1987 scenario — the one where we went down three days and then down 22 percent on Monday — has the most cogency,” pronounced Cramer. “We will not have to wait out too long, will we? We’ll know by Monday.” So what ended up happening? Well, not a “Black Monday,” as Cramer prophesied. Instead, stocks just wildly “whipsawed” on both sides of the flat line, according to Yahoo! Finance. In fact, by “Monday's close, the S&P 500 and Dow Jones indexes closed down less than 1%. The tech-heavy Nasdaq actually closed in the green,” Axios reported.
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I haven’t watched him in years.
LoL
He’s had a bad run for a while now. He started out living in his car, investing $100 at a time. He’s worth $150mm. His Charitable Trust gives away $millions annually.
All these guys have their periods of glory and periods of problems, Peter Lynch being a famous one as well. Doesn’t mean they are stupid, we are all dealing with systems that are not highly predictable. If they were, there wouldn’t be markets with winners and losers because most everyone would know what and when to buy and sell there’s no money in that.
Well many of us predicted that. 😏
It was up 1000, and now down 650. Very high volatile.
Ever since he screwed up and advocated Washington Mutual I stopped listening to that turd.
i believe he is now in the “put on a show” or “phone it in” phase... like a weather man... he only needs to be right sometime now...
"Could a chimpanzee out-perform your mutual fund manager? Chances are - YES!"
He then went on to explain that less than half of mutual funds beat the S&P 500 index.
With Cramer's record, he should have a chimp on the show to make his predictions.
Cramer seems to use his public persona to get people to do the things he needs for his investments.
“i believe he is now in the “put on a show”...
You nailed it right there, it’s entertainment with a few tips here and there that aren’t any surprise. He does make a few good macro points, and even specific points. Hey, everybody’s got to make a living.
“Ever since he screwed up and advocated Washington Mutual I stopped listening to that turd.”
You would be hard pressed to find anyone with 20-40 years in the investment business that hasn’t had some big misses. I think he’s a better than average investor and found a way to make money, good for him.
Well he is a lefty. So I choose not to trust the turd.
Jim Cramer didn’t even get the Stark Industries call correct.
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