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.................
Even Lester Holt seemed disappointed on NBC Nightly News, to report that the market performance wasn’t as catastrophic as they had expected. :)
Cramer is a great reverse barometer.
Whatever he says, the opposite will happen.
I wonder if Jim actually believes anything he says. I’m guessing not being the globalist shill that he is.
Hoping the worst is over - I got caught holding lots of Apple stock, but should recoup in no more than 18 months
He’s as good on finance as Biden was on politics. Two spotless records of failure.
Jim Cramer warns of a 1987 "Black Monday" style stock market crash on Monday
X ^ | April 6 | Collin Rugg
I have heard that if you do the opposite of what he predicts, you’ll do well.
Dow Futures up 735 points.
I have respect for his opinions. Its nearly impossible for him to be wrong 100 percent of the time.
That was the crappiest Black Monday ever. I did buy that early morning dip though.
The call him Inverse Cramer.
Sweet
6 months it will be back in sniffing range.
gonna be lots of saddened folks around here next few days or years.
He makes a good try at it....................
Hope so … glad we got the sell off over - Market should be heading for record highs just before midterms next year
It was a Brown Monday.................
Stock futures now
Dow Futures
38,915.00
+ 750.00
1.97% •
S&P 500 Fut...
5,179.25
+ 82.00
1.61% •
NASDAQ Fut...
17,821.00
+257.75
1.47% A
He is a complete idiot.
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