Sunday, July 28, 2024

Poor Kamala: "Jim Cramer comes out swinging for Kamala Harris"

Why would he want to doom her campaign before it's even started?

From MarketWatch, July 24:

 “Mega versus MAGA” – Jim Cramer comes out swinging for Kamala Harris 

Presumptive presidential nominee Kamala Harris picked up a huge endorsement on Monday, from CNBC’s Jim Cramer.

Though whether that turns out to be a good thing or a bad thing is another matter. 

A president Harris would “absolutely, absolutely, no doubt about it” be good for the stock market and American business, Cramer said, adding that her ties to Silicon Valley mean she’d be very supportive of the big technology companies that dominate Wall Street.

“Let’s not forget her brother in law is Tony West, who is a former general counsel of Pepsico, then was with the Justice Department, and is now the general counsel of Uber,” Cramer said. “And you tell me if there’s someone who’s more sophisticated [about business and the stock market] and knows more about business and the west coast than her brother in law, who would be an amazing adviser. They’re close.”....

....MUCH MORE

He may think it's all fun and games* but his words have an effect - he is the perfect contrary indicator:

February 2024
Cramer Called It
From Tim Knight at Slope of Hope, February 22—the chart goes back to the November 10 2022 IPO which raised $12 billion at an $80 billion valuation. It popped...then dropped...then dropped:

Rivian Down 94% From High

By -

If only there had been some way to see this coming………

In other news Slope is looking at going long something more pedestrian.

November 2023
Meanwhile, In Jim Cramer's World...
From Mr. Cramer's employer, CNBC, November 20:

Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit

And from Cramer:

July 2023
Mass Panic As Jim Cramer Predicts Giant Bug Mutants Will NOT Attack Earth Next Tuesday At 2:17 PM

June 2023
Jim Cramer On Coinbase (COIN)

Via Tim Knight at Slope of Hope:

https://slopeofhope.com/wp-content/uploads/2023/06/coinfall.png


April 2023
Jim Cramer Defends His Favorite Bank, First Republic (FRC)

The stock closed down 49.37% today.

April 2023
Here's Another One: Early Jim Cramer Call Discovered
The tweeter used to run some money ($14 billion) for BlackRock, among other places. These days he beats up on Pfizer and has a boutique called Phinance Technologies as a side hustle.

March 2023
"Jim Cramer Isn’t Worried About Credit Suisse. Does That Mean We Should Be?"
That was the headline at CryptoBriefing, October 3, 2022.
They continue:

Mad Money host Jim Cramer dismissed comparisons between Credit Suisse and Lehman Brothers today on CNBC. He has a history of getting things wrong.

March 2023

Previously: 

And Wachovia two weeks before it failed (but didn't fail because it was the first bank named systemically important i.e. too big to fail):
Jim Cramer Admits: "I Screwed Up" In Recommending Wachovia Stock Two Weeks Ago Because I Liked The CEO

And:
"Jim Cramer Takes Issue With Own Investing Tips Being Thrown Back At Him, Demands Apology, More Gentlemanly Conduct (On The Internet)" GS; TSCM
*From the outro to May 2024's "Tajikistan and Kyrgyzstan taking action to curb sorcery and charlatanism":

....The Cramer Exemption in New York Penal Code, Section 165.35:

§165.35 reads -
A person is guilty of fortune telling when, for a fee or compensation which he directly or indirectly solicits or receives, he claims or pretends to tell fortunes, or holds himself out as being able, by claimed or pretended use of occult powers, to answer questions or give advice on personal matters or to exorcise, influence or affect evil spirits or curses; except that this section does not apply to a person who engages in the aforedescribed conduct as part of a show or exhibition solely for the purpose of entertainment or amusement. Fortune telling is a class B misdemeanor.