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.
To all the GME cheerleaders --
Have you LOOKED at the GME financials?
https://www.sec.gov/cgi-bin/viewer?action=view&cik=1326380&accession_number=0001326380-21-000129&xbrl_type=v#
They are losing money.
Their balance sheet shows that their liquid assets are eaten up by their current liabilities. And their non-liquid assets are smoke and mirrors.
They had a recent cash infusion that saved them from bankruptcy, and that money is gone already.
They will need another one ... SOON ... since they are now eating up cash with their loses.
Assuming their "merchandise inventory" is worth 10 cents on the dollar in a liquidation scenario, they will be bankrupt in less than a year, given their current burn rate.
Forget the short sellers. The company is headed for bankruptcy.
Maybe there is a "white knight" out there who will save the day ... but why would they? It happened once, maybe it will happen again.
But that is not exactly a good reason to be buying stock of a company like this.
The short sellers were right about this company, and EGO keeps many people from seeing the reality of the situation.
This is false. Here's the DD collection
No mention of GME's financials ... because you CAN'T.
Like no debt and record sales? It's literally in the DD I linked. Didn't realize you needed to be spoon-fed. You want me to make airplane noises too?
Record sales? You're JOKING, right?
Their sales are DOWN about 50% from 3 years ago -- and they have been DOWN EVERY YEAR since then:
https://finance.yahoo.com/quote/GME/financials?p=GME
No debt? I guess ... if you IGNORE that $2 BILLION in liabilities.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
LOL. Talk about needing to be spoon-fed. If that ain't the teapot calling the kettle black, I don't know what is.
No, actually I'd like you to do some FUCKING RESEARCH when you tout companies that are on the brink of BANKRUPTCY.
That would be nice ... for a change.
I don't know if those fake stock experts online told you this or not ... but YOU can be prosecuted for stock market manipulation when YOU tout a stock with LIES and misrepresent what is really happening.
Probably not likely, but possible.
Looks like when Q posted "Logical thinking" it went over your head.