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Started By
Message
Confirmation: Massive recession incoming
Posted on 5/31/23 at 10:46 am
Posted on 5/31/23 at 10:46 am
Jim Cramer just predicted that an ‘economic wave’ will soon hit the US — and it will be 'fantastic for investors.'
quote:
Inflation is the focal point of Jim Cramer’s latest prediction. He believes the April Consumer Price Index, which came in at 4.9%, could be misleading. “Almost every calculation is incorrect. The data is wrong.”
Instead, he believes the numbers should be lower and are “actually very positive for the Fed.”
6
Posted on 5/31/23 at 10:52 am to Bard
Jim Cramer would think prices falling is a sign of an economic wave 
Posted on 5/31/23 at 11:06 am to wutangfinancial
He did nail NVDIA. Named his dog after the company and pounded the table for them for years.
It’s fun to pile on him, but he is an entertainer who makes a million calls. Sometimes right, sometimes wrong.
It’s fun to pile on him, but he is an entertainer who makes a million calls. Sometimes right, sometimes wrong.
Posted on 5/31/23 at 12:14 pm to Boomer Rick
He is a paid shill for shorting hedge funds. He doesn't have retails best interest at heart.
Posted on 5/31/23 at 12:42 pm to Bard
quote:
and it will be 'fantastic for investors.'
Maybe not for those who don't have money parked.
Posted on 5/31/23 at 2:27 pm to Boomer Rick
quote:
It’s fun to pile on him, but he is an entertainer who makes a million calls. Sometimes right, sometimes wrong.
The inverse Cramer meme has been beaten to death at this point.
Posted on 5/31/23 at 10:26 pm to Triple Bogey
It’s still early, but the actual inverse Cramer ETF SJIM has underperformed the broader market by 5.25% in the first two months since its inception.
It’s also interesting to note that the ETF is almost a perfect inverse of the S&P 500, so net net, Cramer probably isn’t nearly as awful as people say.
It’s also interesting to note that the ETF is almost a perfect inverse of the S&P 500, so net net, Cramer probably isn’t nearly as awful as people say.
Posted on 6/1/23 at 12:25 am to slackster
Historically, six months after the Fed pivots (DROPS RATES), the market crashes.
That is what is on the horizon if they truly pivot, they should either simply let things settle out for 6-12 months and see or even raise a few more small increments to really put the brakes on inflation.
That is what is on the horizon if they truly pivot, they should either simply let things settle out for 6-12 months and see or even raise a few more small increments to really put the brakes on inflation.
Posted on 6/1/23 at 6:03 am to wutangfinancial
quote:Not sure you understand what lower inflation means
prices falling
Posted on 6/2/23 at 7:29 am to Bard
We're currently in a recession. Have been.
Incoming?
Incoming?
Posted on 6/2/23 at 7:49 am to Bard
30 % of States currently in recession per the standard definitions
Posted on 6/2/23 at 9:53 am to RealDawg
The Biden administration says there's no standard definition for a recession, and general understanding of what a recession is doesn't count, so you're wrong.
Posted on 6/3/23 at 8:51 am to BestBanker
Who is we? I am having a good year. Not outstanding, but solid. No recession for me.
Posted on 6/3/23 at 8:53 am to AllDayEveryDay
quote:
The Biden administration says there's no standard definition for a recession, and general understanding of what a recession is doesn't count, so you're wrong.
Just like the definition of men and women. All we have to do in order to make something exist or not is change the language and then crush anyone that continues to use the previously accepted language.
Posted on 6/3/23 at 11:56 am to Bard
Two weeks ago, the headline on MarketWatch was about the inevitable recession. The following week it was about the pending bull market.
In short, all media associated with the market is bullshite entertainment and should be treated accordingly.
In short, all media associated with the market is bullshite entertainment and should be treated accordingly.
Posted on 6/6/23 at 6:58 am to BestBanker
quote:
We're currently in a recession. Have been. Incoming?
By what metric?
Posted on 6/6/23 at 3:52 pm to GhostOfFreedom
quote:
He is a paid shill for shorting hedge funds. He doesn't have retails best interest at heart.
Posted on 6/6/23 at 5:08 pm to Bard
I do wonder what effect the student loan payments starting back up will have on the economy. Most people haven't been paying on those in several years now.
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