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.
You have zero proof of your statement.
https://finviz.com/quote.ashx?t=GME
It's right there for ANYONE to check.
Short float is currently 13.50%.
It was well over 100% -- back at the highs of the stock price. But those naked shorts have covered. LONG AGO.
So, the original reason for people to buy GME (because of naked short selling) is LONG gone.
And that is why the stock is DOWN 80%, and not "up to the Moon."
Those idiots on the Reddit board ... FUCKED YOU GOOD.
GameStop is transforming into an e-comerace company with the helps of the man who created chewy.com. Chewy stole the pet market from Amazon.
Dreams and wishes.
THAT is what you are "investing" in?
Why are they LOSING MONEY if the "transformation" is so brilliant?
Gamestop USED TO BE profitable. Not now.
Is that you Jim Cramer?
You're a complete moron, I don't even know where to begin.
You haven't researched anything and it is very obvious.
You don't understand how they can manipulate the market in various ways.
You aren't aware that they can hide their short positions via ETFs.
HOW IT WORKS: Let's say a hedgie wanted to secretly short X, Y, and Z. That hedgie would short the whole ETF and buy long on every other share in the ETF except for X, Y, and Z. That way their short exposure is only X, Y, and Z but their short positions are listed under the ETF.
Take a look at the buy to sell ratio on fidelity for GME. Every day it is around 90% buy 10% sell.
Now go back to sleep.
SHOW ME the ETF's you claim are being manipulated.
Nah, I'm not here to convince you, I'm here to point out to others in the thread, that you're full of shit.
I've told you about the SEC document. If you don't want to read that or all the due diligence posted on /r/superstonk the past year about leaps, swaps, ETFs & naked shorts, then it's obvious your comments are not made in good faith.