Jim Cramer is the host of the Mad Money program aired on CNBC and often gives stock recommendations. He is very popular in the U.S.
Interestingly, many stocks he recommended buying dropped in price, while the stocks he said to sell immediately increased in value :)
A joke had already emerged among individual investors called the Inverse Cramer ETF (the opposite of Cramer's ETF). The idea is to combine the companies Cramer recommends into one ETF and do the opposite of what he says. This joke came to fruition 2 years ago and in 2023, a fund named "Inverse Cramer ETF" (SJIM) was created.
https://www.etf.com/sections/news/inverse-jim-cramer-etf-shuttered
The goal was to bet against the stocks recommended by Jim Cramer. This fund was approved by U.S. Financial Regulators.
Some famous examples related to him are:
1 – Jim Cramer – on February 8, 2023, he gave a BUY recommendation about Silicon Valley Bank (SIVB):
"Since the beginning of the year, it has been the ninth best-performing stock. There’s no need to worry about this bank's deposit base."
Result – 1 month later, on March 10, 2023, this bank completely collapsed. It became the second largest bank failure in U.S. history.
2 – Jim Cramer – in 2022, he advised selling Meta Platforms (META) saying "It's no longer worth holding Meta."
Result – Meta quickly rose from $90 to $300.
3 – Jim Cramer – March 2008 – Bear Stearns (BSC) – BUY recommendation:
"Bear Stearns is in good shape. Don't withdraw your money from there; that would simply be foolish."
Result – A few days after his buy recommendation, Bear Stearns was acquired for just $2 by JPMorgan Chase. The company, which was priced at $171 a year earlier, collapsed.
4 – Jim Cramer – at the beginning of 2023, he said that NVIDIA's price was high and that it needed to be sold.
Result – Nvidia rose more than twice shortly after his statement and became one of the leading stocks in the artificial intelligence sector.
5 – Jim Cramer – in 2022 – recommended selling Coinbase (COIN). He even expressed harsh (derogatory) negative opinions about Coinbase multiple times.
Result – 1 year later, Coinbase had already risen by over 300%.
If you have a friend like that, make sure to use his advice correctly — do the opposite of what he recommends and make your money. Don't forget to treat him every now and then :)$BTC
