1st off if you don't know, Jim Cramer is the biggest paid financial shill for Wallstreet. His job is to get dumb money to invest in dumb things. His track record is soooo bad there's no other expiation. You can actually do well on stocks and beat the market by doing the opposite of what he says.
CNBC just used 30 minutes of time that was scheduled to be part of a normal hour of Shark Tank.
Every day at 5 PM Pacific the news on CNBC ends and Shark Tank begins. This Monday was no different, except the stock market saw the NASDAQ take a -4%+ drop and DOW take a -3%+ drop only to recover, and like another post on this sub pointed out, that’s the most significant drop and recovery in a trading day since October of 2008. Eesh.
So why does Shark Tank matter? Shark Tank is a ratings monster. There’s a reason it is first up in prime time every single day on CNBC. There’s a reason I watch it every day other than just wishing I could make a bunch of fucking money for some other reason besides just all the money I plan to make on GME (so I could then throw it all into GME and make more). But besides all that, it would take a lot for CNBC to just skip over 30 minutes of Shark Tank. They wouldn’t give up all those eyes for nothing, unless they wanted them on something. And guess what they had on.
They had fucking Cramer. And he was shitting on retail traders like normal, but he was also desperately sending a message. And that message was that we are not in a recession and everything is okay. He tried to say that now is the time to buy. That buying in this uncertain time is the antidote. They gave Cramer 30 whole minutes of Shark Tank time so he could plead with the working man to keep buying, keep bag holding as we veer off of the cliff, because we are veering hard. He knows it, CNBC knows it, they mentioned it on the show.
They literally said, you can taste it. Regular people can taste it. Wild statistics like the dip and recovery today being the biggest since October 2008 are piling up, we are seeing the writing on the wall clearer and clearer and the dumbest of smooth brain non-apes who invest in mutual funds are starting to hear little birds telling them something is off. And they’re starting to question their masters, and CNBC has to take the time to inject an extra fat dose of it-will-be-okay to keep grandma and mom and dad buying stock while the market makers and rich investors cash out and jump ship.
TLDR; Shark Tank being interrupted by Cramer telling folks to bag hold harder is the canary in the MSM coal mine.
Persona opinion: this is likely tied to the GME and other stocks naked shorting and synthetic shares costing Hedge Funds BILLIONS so far. It looks like a major one got margin called yesterday.
I honestly don't like Shark Tank, as someone who has owned and known and worked with so many small businesses, Shark Tank simply shows how the world's elite can own as much of our ideas as possible using their unlimited fake fiat currency to do it while they do absolutely nothing themselves! Every single one of those people got stupidly "lucky" and entered an industry through lucrative connections either through family or clubs or unknown favors they partook in. In Kevin O'Leary's case, his mother backed him and almost like Hillary Clinton selling her Cattle futures at just the right time for 1000x their value, a private equity fund straight up bought out O'Leary and his Learning company using fake fiat currency printed out of thin air during the dotcom bubble, and of course the company never recovered after that. O'Leary never even wrote any of the software himself. While, there is nothing wrong with this, it is far too common and comes at the expense of USD holders every time a company gets bought out for an absurd amount of money. The same can be said about ALL of these sharks, all of them. I have very little respect for them, and while I'm not saying they're stupid or bad necessarily, their intelligence is just around average and there are far more intelligent people out there who are far more interesting and more rugged than any of them, and you can find them just down the street from you.
My point is, Shark Tank is bullshit. One day the fake fiat money printing will end and the world as we know it will be brought back to the hands of the people who really do the hard working, not the schemers and pencil pushers who don't lift a finger. The future Shark Tank will have farmers, carpenters, plumbers, electricians, tradesmen, handymen, etc etc etc, and those who are willing, and might have catastrophically failed at some point in their lives, as it was 150 years ago in the free United States (look up wealth distribution in 1870!) They will determine what really has value, what has potential, what can succeed and not these global homo elitists that can't do anything themselves and are too scared to really take failure or risk a whole lot, or do the actual things they want to themselves with their own bare hands.
Mark Cuban was a college student. He got his buddy to hold a radio up to a computer modem for 3 hours to record college basketball so he could stream it live on the internet.
Yahoo was so impressed by this "genius idea" that they threw $4 BILLION at Mark for the right to have their employees hold the phone up.
Mark Cuban is not smart. He is a sideways grinning pretender.
He also tried to stop national anthem at his sports ball games
Yep. I'm just sick of it. This is right back to middle ages Europe where only people born of nobility could conduct business in certain industries and trades that only they were allowed to control. This whole system was in place for over a thousand years up until the great enlightenment and the American Revolution where anyone was allowed to do as he pleases however he likes. Today we have nobles running everything because they control the money supply, they can obliterate their competition and enter into an industry with ease while the rest of us can't.
Correct. These people are fronts for a bigger problem. They run nothing.
I'm now pondering if DS created these billionaire/celebrities as a front to us keeping our attention off them. Connecting the dots. I cannot believe how much stuff is interconnected. Like, all of it. Ugh.
Hard Core Pawn has better business wisdom, nicer people, and more entertaining fake emotion.
I agree with your message, however one note, blue collar work is not the only hard work. There's many people who slave away at a desk every day as well. I've met some brilliant minds in the software engineering field. They work their asses off and get paid nothing compared to their managers and CEOs.
You just described management to the T. Also, I agree.
I agree on Shark Tank. Hate that show.
Regarding Hillary's cattle futures. My guess is that her broker used "past posting," which was legal back then.
Hillary opens a futures brokerage account with a dirty broker for $1,000.
Gov. Bill Clinton's puppet master also opens an account with the same dirty broker for $100,000.
The dirty broker takes the two accounts ($101,000) and puts them together in a master account for easier management.
So far, nothing illegal or immoral. Until ...
Dirty broker makes trades in cattle futures. Most likely, he used a spread trade. That would be like buying January cattle futures while also short selling August cattle futures. They both generally go up or down together (usually), but not at the same rate. Since they are opposite sides of the same basic trade, one is up and the other is down.
AFTER the trades are closed out, one of them is a winner and the other is a loser. Due to the leverage, it could be maybe $5,000-10,000 or more win/loss.
He then ... does what is now illegal ... AFTER the trades are closed out, he assigns the winning trade to Hillary and the losing trade to the puppet master.
Hillary's account has gone from $1,000 to $11,000, and the puppet master's account has gone from $100,000 to $90,000. Continue this for a few more trades (or even, just one big trade), and no real money was made or lost, but Hillary's account is now $100,000 and the puppet master's account is $1,000.
Abracadabra ... "cattle futures trading genius" is born. Never mind that she has never done anything close to that before or since.
The puppet master gets invited to the governor's mansion, and tells Bill how things are going to be, and Bill bends over like the cheap whore he always was, and does what he is told.
That's probably the real story behind that one.
Interesting.