Disclaimer: This is an infomercial. I am not a licensed broker. Performance is not guaranteed. Take advice at your own risk.
Posted on 01/24/2022 10:01:33 AM PST by Red Badger
VIDEO AT LINK....................
Jim Cramer offers his thoughts
$130 billion wiped off crypto markets in 24 hours
If I can’t hold it in my hand, it ain’t money.....................
Bottom Feeders swarmed in.....................
Dead cat bounce?
They did a good job already on crushing crypto the past few weeks.
Don’t know how much this will go down yet, but I doubt the decline will end until we are into March.
For those who have no defensive strategy, this can be painful.
Disclaimer: This is an infomercial. I am not a licensed broker. Performance is not guaranteed. Take advice at your own risk.
“Have you looked at crypto lately? Gold is also not doing much of anything.”
He was making fun...I hope
If it drops to DJIA 20,000, the big institutional investors along with Warren Buffett will get into a bidding war for depressed stocks. When the stock market crashed to just under 6,000 in 2009, institutional investors swooped in and within a year made huge profits.
” If I can’t hold it in my hand, it ain’t money..............”
I’ve got some WWII Reichmarks to sell you.
;)
> He was making fun...I hope
Yeah. ;-) Buy the dip, unless it ain’t done dipping.
Oh, it is a great buying opportunity when it drops, if you have the strength to hold and the extra cash.
“But buying it because the price is going up while hoping to see for a profit is like gambling: you will lose most of the time.”
More akin to speculation than gambling. There is quite a difference between losing some of your money and losing all of your money. I don’t do either.
However these events can present gift horse buying opportunities if one is positioned for it.
That was money at one time, but they were devalued appreciably about 77 years ago............
Cramer toasted all credibility he had when he told people to hold onto Bear Sterns stock as it plummeted into the ground.
“Bear Stearns is fine. Do not take your money out. If there’s one takeaway, Bear Stearns is not in trouble. I mean, if anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.”
Same for Lehman Brothers?............................
I’m betting they let it keep plunging and blame it on ... 3 ... 2 ... 1 ... Russia!
They already are, blaming it on the Russia non-invasion. The non-invasion has zero to do with the market collapse.
Same for Lehman Brothers?..........................
—
Yup. Here is an article from August 2007 where Cramer says ...
... Jim Cramer said Wednesday on CNBC’s Stop Trading! segment.
“Cramer said the firing of 1,200 workers at the broker’s BNC mortgage unit is good because they weren’t making the company any money anyway.
Cramer said additional firings will be good at other struggling mortgage players like Countrywide”
https://www.thestreet.com/investing/stocks/jim-cramers-stop-trading-buy-lehman-10375806
That should have ended Jim Cramer’s career and instead he’s still on CNBC 15 years later shilling for the government and oligarchs.
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