JP Morgan, Sam Bankman-Fried. HAHA! 🙂
Cramer has been so wrong so many times that he nearly broke down and cried recently while apologizing for leading people astray.
Jim Cramer is an idiot.
Whatever that clown pushes do the opposite, and it will pay off in the longterm.
Here is Cramer right before the Bear Stearns collapse. This was 5 days before.
“Jim Cramer is a progressive “
He is not a progressive.
He praised Trump do policies good for the market.
He chastised progressives for policies bad for the market.
[Poor Jim Cramer is on record calling FTX’s Sam Bankman-Fried the JP Morgan of this generation]
LOL
Cramer is a smart guy. Unintelligent people don’t get to run hedge funds at Goldman Sachs. The problem is that finance and stocks are kind of boring to the average person. A good stock picker might have one or two really good ideas every year. Cramer’s problem is that he has to say something profound every night. Since there isn’t something profound going on every day, he just spews crap to sell air time and to keep the viewers tuned in.
A study of Cramer’s picks once showed that he is correct slightly less than half the time. So you’d do better by just flipping a coin. But flipping a coin is not nearly as entertaining as watching Cramer yell and wave his arms.
So there’s that.
BUMP
It’s worse than being wrong. Sometimes he was outright deceptive. He was using his pics to do front running with Maria bartiromo.
It did not take a genius to see that crypto was a high tech Ponzi scheme.
I guess it’s time for him to cry on camera again like he did a couple weeks ago.