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CNBC’s Jim Cramer Preaches Calm as Market Craters: ‘We Must Not Panic’
Posted on 1/24/22 at 11:20 am
Posted on 1/24/22 at 11:20 am
quote:
CNBC’s Jim Cramer said on Monday that it might feel good to sell, but don’t do so in a panic because you might not be able to get back in.
Cramer cited bad earnings, fears of tightening by the Fed, and the potential for invasion of Ukraine by Russia as factors in stocks plummeting and some alarm across the board about the market.
“Look I’m not negative,” said Cramer to Carl Quintanilla on Squawk on the Street. “I’m trying to give you a positive scenario here. I’m saying when stocks are down this much, Carl, that you shouldn’t just say, ‘Holy cow, I’m getting killed,’ because you should realize you’ve been getting killed.”
“So now you have to decide what stocks are down a certain percentage from their high, that still could be worth a great deal,” he said. “And those are ones that you have to do some buying.”
After some talk about SPACs, CNBC’s David Faber circled back to the general sense of dread.
“But Jim, it’s extended far beyond that part of the market to names that you know very well, that are down dramatically off their highs after a very strong year last year, many of them. But it doesn’t mean that the pain is not felt sort of broadly speaking here,” said Faber.
“But should we just decide that it’s over? And let’s look at selling here, and then betting we can get back in?” said Cramer as Faber interjected, “That’s the question.”
“Who’s that good? Are you that good?” said Cramer. “I mean, is this something that you can do easily?”
LINK
Posted on 1/24/22 at 11:22 am to jatilen
Jim Cramer is a count and the market is not a free market.
Posted on 1/24/22 at 11:22 am to jatilen
If he’s saying don’t panic, then panic. Always do the opposite of Jim.
Posted on 1/24/22 at 11:25 am to Gr8t8s
quote:
If he’s saying don’t panic, then panic. Always do the opposite of Jim.
Yeah, seeing him coming out like this actually has me much more worried than I was before.
Posted on 1/24/22 at 11:26 am to jatilen
quote:
CNBC’s Jim Cramer Preaches Calm as Market Craters: ‘We Must Not Panic’
Sounds like someone had some bad option plays.
Posted on 1/24/22 at 11:26 am to jatilen
Cramer: Don't sell off Bear Sterns. It is SAFE.
Narrator: Bear Sterns was not safe.
Narrator: Bear Sterns was not safe.
Posted on 1/24/22 at 11:26 am to jatilen
....AND SO IT BEGINS!
Remember Bidenites. Elections have consequences. Remember that when you're jostling in the supermarket aisle for the last can of dog food.
Remember Bidenites. Elections have consequences. Remember that when you're jostling in the supermarket aisle for the last can of dog food.
Posted on 1/24/22 at 11:27 am to jatilen
Didn’t that tool say this was going to be the Biden market and the new “roaring 20s”?
The guy is a douche.
The guy is a douche.
Posted on 1/24/22 at 11:28 am to jatilen
Ryan from Louisiana should call in.
Posted on 1/24/22 at 11:28 am to CGSC Lobotomy
quote:I read that in Morgan Freeman’s voice.
Narrator: Bear Sterns was not safe.
Posted on 1/24/22 at 11:28 am to jatilen
He is a tool
That said, some people are probably about to make some decisions they'll regret in 2-3 years
That said, some people are probably about to make some decisions they'll regret in 2-3 years
Posted on 1/24/22 at 11:28 am to jatilen
What is causing the dow to crash so hard suddenly? Ukraine-Russia conflict? Or Gas prices increasing again?
This post was edited on 1/24/22 at 11:29 am
Posted on 1/24/22 at 11:29 am to bad93ex
quote:
Cramer is a DNC shill
Less than 24hrs after the Biden administration had closed door discussions with several media outlets regarding their coverage of economic policy, Jim Cramer was one of the first to come out about how wonderful our economy is.
Posted on 1/24/22 at 11:30 am to AldoRaine45
I linked some NY Post thing in Burger Bearcat's thread that Goldman Sachs said there may be four rate hikes this year. That can't be good for the markets.
Posted on 1/24/22 at 11:31 am to jatilen
I’d take investment advice from Seinfeld’s Kramer before this guy.
Posted on 1/24/22 at 11:31 am to Bunk Moreland
We sorely need a correction within the system, but it has been kicked down the road so many times that any correction is going to hurt badly.
No one with any political capital will want to go down that road.
No one with any political capital will want to go down that road.
Posted on 1/24/22 at 11:32 am to jatilen
frick Cramer. He was preaching the same shite at the beginning of the 2008 melt, and has been propagandizing for the dems for years. POS.
Posted on 1/24/22 at 11:32 am to jatilen
a month or two ago Cramer said this was the best market he's seen in his lifetime
Posted on 1/24/22 at 11:33 am to jatilen
He was an advocate for Stanford up to the last minute.
Some expert!
Some expert!
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