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Inverse Cramer

Posted on 6/21/23 at 2:49 am
Posted by stelly1025
Lafayette
Member since May 2012
9899 posts
Posted on 6/21/23 at 2:49 am
BlackRock headhunter says "If you do exactly opposite of what he's advising you'll make money. YT

I am sure most of the people on this board are aware of what BlackRock is doing ,but when he said this I busted out laughing and immediately thought of this board
This post was edited on 6/21/23 at 2:55 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
15848 posts
Posted on 6/21/23 at 5:22 am to
Pretty obvious Cramer is nothing more than a puppet paid to pump up and short stocks. He reminds me of montley fool website that pumps stocks at their highs for retail to buy only for the stock tank 3 months later.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
6389 posts
Posted on 6/21/23 at 6:04 am to
He’s an entertainer
The guy is rich so he’s not always wrong
But his opinions are very in the nanosecond
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/21/23 at 4:10 pm to
Yeah, but last time I checked, Dave del Dotto was still pretty rich too - an 80s era crook, but still rich (now owns multiple vineyards in the Napa Valley). Gotta be careful confusing wealth with wisdom. Cramer is what he is. Like you initially said, he’s an entertainer. Take him at face value and it’s all good. Personally, I find him to be hella annoying though. People who gamify investing generally annoy me.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 6/22/23 at 8:23 am to
I feel like Cramer is a guy who makes like 300 calls a week, many contradictory, so there's always a high volume stream of calls he "gets wrong" because he seemingly takes both sides of every ticker.


too lazy to look, and maybe it has done better lately, but earlier this year the inverse cramer ETF was underperforming SPY.
Posted by Decisions
Member since Mar 2015
1604 posts
Posted on 6/22/23 at 9:46 am to
The Inverse Cramer ETF was one of the better jokes the finance community has had in years.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/22/23 at 11:18 am to
quote:

too lazy to look, and maybe it has done better lately, but earlier this year the inverse cramer ETF was underperforming SPY.


I was curious how the ETF worked, so I did a quick read. Looks like it also employs short positions in the actively managed fund, whereas Cramer is long-only. In this year’s market rally, his winners produced some kind of profit (even if they might be sub-S&P), but the ETF has solid red in those trades. When Cramer yells “sell, sell, sell”, he’s not going short. So he’s not at risk the way the ETF is when he yells “buy, buy, buy” and they necessarily go short.

The inverse Cramer ETF is interesting, but by the Sharpe ratio of -0.21, I’d say that including a short strategy contributes to its failure to beat the risk-free rate of return.

Does that make any sense?
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4490 posts
Posted on 6/22/23 at 12:13 pm to
(no message)
This post was edited on 7/16/23 at 12:18 pm
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
11633 posts
Posted on 6/23/23 at 8:10 am to
quote:

I feel like Cramer is a guy who makes like 300 calls a week, many contradictory, so there's always a high volume stream of calls he "gets wrong" because he seemingly takes both sides of every ticker.


Here is a thought when he makes a prediction too many people jump in and the stock over reacts causing it do the inverse of what he predicted.
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