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.
BUY GME!!!
That's all I am going say
Stupid advice.
If you know anything about the stock and the situation it is in, you would know that this is the best advice in this thread.
I know that a lot of people bought GME because of the naked shorting.
I also know that GME has ZERO naked shorts today.
I also know that GME has been losing more and more money over the past 2 years.
I also know that stocks that lose money get CRUSHED in market selloffs and bear markets.
That's what I know.
What do you know?
They use off book swaps to hide the short interest
Short interest is self reported and they lie about it
That they use XRT and IWM to created more fake shares of GME (since ETFs are allowed to temporarily make naked shares for rebalancing purposes.
That XRT is currently at 250% short interest (which is self reported which means higher)
In December XRT short interest almost hit 700%
Due to off the books swaps that are back by futures, GME makes a run up EVERY 90 days
That the MEME ETF that was created in December was almost immediately placed on the Securities threshold list. This ETF contained both GME AND DWAC.
When the MEME ETF was placed on the threshold list due to overshorting, DWAC immediately took off
That the Motley Fool ETF was placed on the threshold list as well containing GME
That GME is the only stock that had thousands of articles written about how bad of a play it is
That Melvin Capital, one of the most prolific companies to short GME, is down 50% in 2021 and already down 25% in the first 3 weeks of 2022
That Melvin Capital has moved funding from their office in New York to the Cayman Islands
That GME has no debt, is below the average P/E ratio for a stock of it's type
That GME's actual cash on hand gives it a minimum evaluation of $88
That no inside has sold ANY GME period since September 2021. Every large company in America's insiders have sold a shit load since then
That the media purposely leaked an article with no sources about GME's NFT marketplace to cover-up for after hours buying that they did try to satisfy FTDs on GME
And that is just off the top of my head 🤣