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At this point, I'd believe the conspiracy theory that Cramer saying something public is a secret signal to those in the know.
by spaceman_2020 4y ago
At this point, I'd believe the conspiracy theory that Cramer saying something public is a secret signal to those in the know.
- raverbashing 4y agohttps://twitter.com/jimcramer/status/1634222320398086145 https://twitter.com/jimcramer/status/1634222320398086145 Hopefully it's not too omnious
- DeathArrow 4y agoThanks, I will short JP Morgan ASAP.
- smcl 4y agoI don’t think what you should take from this is “always do the opposite of what Cramer says”. Rather that you should not consult him at all when you’re deciding how to invest your money.
- vsnf 4y agoSee also, this amazing gem from the FT last year[0]: > In a previous Alphaville post we may have implied that Jim Cramer’s peak-inflation call was a reverse indicator for our readers. We regret the error. It was not our intention to give Cramer’s opinions any credence whatsoever. [0] https://www.ft.com/content/3d1601e0-62b5-4cd5-b298-67f6f1f43669 https://www.ft.com/content/3d1601e0-62b5-4cd5-b298-67f6f1f43...
- DeathArrow 4y agoI am not from US, what is the story? Does that guy consistently make bad predictions?
- boosting6889 4y ago60% of the time his predictions work out every time
- flashfaffe2 4y agoI only know Cramer from the fun and others meme is been the originator. But that statistics should be taken with caution. Being long equity since 2008 was not really a proof of creating a alpha ( aka adding superior return than the market). That's the long term low interest rates environment that incentivize W Buffet to make his famous 10 years long sp500 won't be beaten by any HF.
- GiorgioG 4y agoThey was referencing this scene from Anchorman: https://youtu.be/IKiSPUc2Jck?t=37 https://youtu.be/IKiSPUc2Jck?t=37
- smcl 4y agoI don’t know if he consistently made bad predictions, but he had a few howlers during the 2008 global financial crisis. He very loudly declared on his TV show that Bear Sterns was safe on the eve of its collapse: https://youtu.be/V9EbPxTm5_s https://youtu.be/V9EbPxTm5_s
- jb1991 4y agoDon’t forget about all the accolades he left on Facebook stock before it had its massive crash.
- smcl 4y agoOh yeah there's definitely plenty more than I mentioned. But I just wanted to highlight that his reputation as this sort of accidental Grim Reaper of companies originated in the GFC back in 07/08
- 4y ago