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They will just pull bootstraps and idk less avocado toast
Thought we needed an update on this:
I am confident this guy knows the stock is going to go down so he says buy it to increase the price of the stock so he can sell it for profit.
RIP Signature Bank
That wasn’t him recommending it, that was SATIRE. Jim Cramer isn’t a stupid investor, he is just pretending to be, and the sooner you all appreciate that, the sooner you can appreciate the hilarity and how much of a comedic genius he is.
The character he plays on this show is a lovable buffoon who introduces stocks with meaningless information like “they have offices sprinkled around the country in several different states,” followed by “and YOU can get rich too by buying that stock!” completely and comically skipping the logical steps between “they have offices” and “you should buy this stock.”
he sounds drunk
I too am convinced that Cramer is a psyop to get retail investors to buy garbage stocks that Wall Street knows are garbage and wants to sell at the top
This looks like he’s broadcasting from his old studio at CNBC HQ in this clip, he moved into his new studio on the floor of the NYSE last fall…..so this clip has to be 6+ months old.
It’s not as egregious as saying Bear Sterns is fine a week before their collapse or saying invest in SVB a month before their collapse.
Go for it, lmk how it works out
the sadness of people who actually listen to this schmuck.
Date?
I can’t stand this intoxicated clown.
Someone on WSB once did an analysis of all Kramers’s picks and the result was that there is usually a same day spike but a high negative correlation a month out.
The question is of course when he did, it isn’t a buy and hold forever person. There is no date on the clip. He is a trader not a Buffet type if this is 4 years old it might have been great people like to make fun of him though.
Why, oh why would anyone listen to that douche canoe? He’s a complete joke.
Signature bank didn’t suddenly get in to trouble in the last 6 months. It has systemic weakness and is over extended, and this was the case when Cramer was yelling “buy”. He’s a tool.
I’m just assuming this man is six drinks deep during his morning announcements. Listen to his speech pattern.It’s fucked that we put these people as figureheads for society.
Jimmy dru nk.
Jim Cramer is a fucking scam artist.
But I didn’t hear him say to buy Signature Bank.
Same guy who praised Lenny Dykstra as a financial savant?
People are still taking financial advice from Jim Cramer? I am legitimately shocked by this.
Pro tip for aspiring broadcasters: Finish eating that incredibly juicy piece of fruit before going on air.