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 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.