Posted on 04/07/2025 7:48:57 PM PDT by Red Badger
Another prediction made by CNBC’s Jim Cramer on Trump’s tariffs has gone up in smoke.
Over the weekend Jim Cramer, who is virtually wrong about everything, predicted a “Black Monday” style crash on Wall Street – much like the Wall Street crash of 1987 dubbed “Black Monday.”
“If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario — the one where we went down three days and then down 22% on Monday, has the most cogency. We will not have to wait out too long will, will we. We’ll know it by Monday,” Cramer said, boasting about his experience dealing with uncertainty, “I was in crash for the cash. I know what this feels like.”
Cramer’s “Black Monday” never happened.
“The S&P 500 sank 0.2%. The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq composite rose 0.1%,” AP reported.
WATCH:
VIDEO AT LINK..............
Last week Cramer went on an insane tirade and absurdly claimed people are worried about inflation for the first time since Jimmy Carter because of President Trump’s tariffs.
Where was Cramer the last four years? Bidenflation was (and still is) absolutely brutalizing Americans.
Does anyone still listen to Jim Cramer?
Recall that Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB in early 2023, saying it was “cheap” and had “room to run” – a month later, SVB was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis.
California regulators shut down the bank, and the FDIC took over right after Jim Cramer urged investors to purchase SVB stock.
This isn’t the first time Cramer led investors off a cliff.
Jim Cramer enthusiastically encouraged investors to keep their money in Bear Stearns shortly before two of its highly leveraged hedge funds collapsed and it needed to be bailed out during the 2008 liquidity crisis.
“Bear Stearns is fine! Do not take your money out!” Cramer shouted on his “Mad Money” show on March 11, 2008. “Bear Stearns is not in trouble!”
Less than a week later Bear was bailed out for $2 per share.
WATCH: VIDEO AT LINK.................
How he has a TV show I’ll never know.................
DJA, S&P and NASDAQ are at the same levels they were a year ago.
This was a rather disappointing Black Monday, right?
Cramer, Kudlow and other “experts” must really be sad.
Queue up Marvin the Martian “Where is the Earth Shattering BOOM?”...............
It’s all going up in smoke and flames.🔥
Didn’t take long for them to collapse. 😄
Im worried about VA this November. I know that chucklehead will win Gov, but dont want a state wide sweep of democrap facists.
It was another 1% decline continuing the correction. Crashes don’t always happen in a single day. Who knows how deep this correction goes in an overvalued market.
At some point it becomes a Bob Brinker “gift horse” buying opportunity. Of course predicting the bottom is impossible. I was a bit lucky this time as I just happened to be moving a chunk from one institution to another before the downturn. So that chunk is in cash right now. :-)
Wanna bet? LOL
“.. spotless records of failure...”
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well expressed
During the Covid-19 freak out, Cramer wanted to put in prison everyone who didn’t take the “jab.” Screw HIM!
To use his famous term. “I backed up the truck and loaded up” Friday after-hours and early this morning after I heard him warn about another possible Black Monday!
Thanks Cramer!!!….lol
I hope he sold at the bottom.
BUY BEAR STEARNS!
To all those Anti-Tariff folks out there, if Jim Cramer is on your side, you’ve picked the wrong position on the issue!
Has this been fact checked yet?
“Does anyone still listen to Jim Cramer?”
I have one BIL that does pretty religiously. Good guy, but he bends with with the political winds which ever way it is blowing. He is in good shape financially, but certainly not due to Cramer. Oil company stocks, retirement plans and Mid level management pay from 30+ years in the oil refining industry.
Cram it Cramer!
My wife calls him "Ol'Yeller the Stock Seller".
True. It's called Inverse Cramer.
Cramer is best known as a completely reliable economic reverse barometer.
He is confirming his status yet again.
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