”And with Darren’s help, we’ll get that chicken!”
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.
(Excerpt) Read more at newsbusters.org ...
i am going to start an investment club where all we do is what cramer says not to do...
The sound you are hearing is the grinding and gnashing of Jim Cramers (the Clown) teeth.
Jim “Sam Bankman-Freed will go down as the nrw JP Morgan” Cramer!
But it shut down. Some libs crowed about when it did shut down.
Thinking the same thing...the Contra-Cramer portfolio.
His next correct prediction will be his first.
Years ago some clever guy set up an internet stock picking contest. Jim Cramer’s picks were compared to those of “Leonard the Wonder Monkey”. Leonard was an actually a computer program that picked stocks completely at random.
Leonard won. He didn’t win by much. But he won.
So I say fire Jim Cramer, and give his time slot to Leonard the Wonder Monkey.
🐵
Thinking the same thing...the Contra-Cramer portfolio.
love the title...
Sometimes I think that there should be laws designed to punish radical fear mongers like this clown...but no...its better that everyone see the true ugliness of their character, and remember.
Exactly! He’s been a useful market indicator, pointing the way to what not to do. Dan Ives has gotten there as well, and despite not being a newscaster per se, he’s on the air somewhere pretty much every day.
I’d rather take invesrmen advice from Kramer on Seinfeld
He does seem a bit unstable, and emotional, from what I remember of him. I wonder if he’s still buddies with Client #9.
Consuelo Mack with Robert Kessler
Recorded on March 14, 2025
Retired Treasury bond manager Robert Kessler has always been skeptical of Wall Street’s “stocks for the long term” mantra. He explains why he is completely out of stocks in his personal portfolio—and why you should consider doing the same. WEALTHTRACK episode # 2140.
https://www.youtube.com/watch?v=cGvIHOWYwB4
”And with Darren’s help, we’ll get that chicken!”
The left desperately wanted the American economy to collapse Monday.
I thought Libs loved Jim Cramer, so why would they care if the ETF shut down as it was a mockery of Cramer?
Has it occurred to anyone that Jim Cramer may be a patriot, who knowing of his own power of inverse prediction, deliberately called for everyone to sell because it would actually boost the market at a time when it was most needed?
LOL! Thanks.
Because the ETF was mocking one of theirs, therefore they took joy in its demise. Its how a lot of lefties ‘think’.
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