CNBC’s Jim Cramer is undefeated….at being wrong.
In case you don’t know what I mean, allow me to explain.
Jim Cramer went “viral” before that was even a thing back in 2008 when he was asked about Bear Stearns and whether it was a safe investment….
In hindsight, this was 3 days before it imploded and went bankrupt.
Jim Cramer’s response is now the thing of legend, when he yelled at a caller: “Bear Stearns Is FINE!!!!”
See it here:
Hilarious clip of Jim Cramer, 3 days before the collapse of Bear Stearns: pic.twitter.com/fi9IrA7kYe
— 3persian3darius (@3persian3darius) September 21, 2024
And ever since then, people have noticed he gives out wrong advice on a daily basis.
So much so that now the “Inverse Cramer” is a popular meme and people simply expect that the opposite will happen to whatever he says.
Ouch.
Which is why everyone is celebrating now that he recently said he doesn’t know how Donald Trump will win.
In other wins?
A Trump win is now guaranteed!
Take a look:
JUST IN: Jim Cramer predicts Kamala Harris will win the presidential election.
"I don't see how he (Trump) wins." pic.twitter.com/PClZsvZTTO
— Watcher.Guru (@WatcherGuru) October 11, 2024
“I don’t see how Donald Trump wins”
– Jim Cramer
Inverse Cramer … Trump victory locked in. pic.twitter.com/WPEq7wjiDu
— Wall Street Silver (@WallStreetSilv) October 11, 2024
So funny!
Trumps odds of winning just went to 99% https://t.co/84VtTYq4yt
— Mostly Peaceful Memes (@MostlyPeacefull) October 12, 2024
JIM CRAMER: “I DON’T SEE HOW HE [TRUMP] WINS” pic.twitter.com/9gUVMHBtXD
— NewsWire (@NewsWire_US) October 11, 2024
Meanwhile, from Yahoo Finance, Cramer also says he thinks President Trump is by far the best for the economy:
CNBC Mad Money host Jim Cramer has said in the past that Republican presidential candidate Donald Trump is good for one’s investment portfolio. On Monday, the stock picker said a Trump White House could also be good for income earners.
What Happened: “If you’re in the stock market, if you care about your paycheck, you go with Trump,” Cramer said while appearing on Squawk Box. “That’s what you do,” he said.
Offering the rationale for the view, Cramer told Squawk Box host David Faber that the former president would cut taxes on income. Faber countered him saying his taxes were raised enormously during the previous Trump administration, adding that he lived in a blue-walled state.
Incidentally, in a late-July episode of Mad Money show, which he hosts, Cramer said Vice President Kamala Harris, who is pitched against Trump, is an ideal candidate for investors looking to put their money in tech or international stocks. “If you’re looking to invest in tech, you want a world where tech has a voice in Washington, not slashed vocal chords under Trump or on mute under Biden” and also “If you own many stocks of international companies and you want to vote your portfolio, Harris is more likely to help than hurt,” he said.
Why It’s Important: The Trump campaign’s economic policy envisages a reduction in federal corporate taxes from the current 21%. It was rumored that his team floated the idea of imposing tariffs in order to make up for lost revenues from lowered taxes.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!