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.
Did that actually happen?
It absolutely did. He is one hundred percent on payroll. It's really insane how "consistently" wrong the cokehead is, and still is the CNBC go-to guy for financials.
Everyone loves a clown. Especially market makers and the SEC. It's a small club and we aren't supposed to be in it.
He was a hedge fund manager. Not a particularly good one, but he was "in the club."
Then, he got invited onto CNBC to give opinions. His style of screaming, over-the top hyperbole, and shouting about how much money everyone was going to make made him lovable to the sheep watching the "financial news."
He got his own show, complete with all sorts of stupid props, and his loyal viewers are too sheepish to realize he has no clue what he is talking about, when it actually comes to making profits in the market. He can throw the lingo around, but he can't make anybody any money. Never could.
Yeah he got ripped for it on Jon Stewart https://www.youtube.com/watch?v=8RkqzRs95Sc
Yup. He half apologized in an interview with Jon Stewart. He’s doing it again.
https://m.youtube.com/watch?v=gUkbdjetlY8
Here is link