Posted on 07/07/2023 10:48:02 AM PDT by JV3MRC
CNBC’s Mad Money host Jim Cramer just can’t seem to ever catch a break in his favor. He made yet another premature prediction that ended up crashing and burning just hours later.
Cramer predicted during the July 6 edition of his show that “red-hot” numbers by the Bureau of Labor Statistics were set to drop following ADP Research Institute’s recent report suggesting 497,000 private sector jobs were added to the economy in June. The BLS numbers were supposedly going to be “more impactful than ever,” chimed Cramer. “I think we’re going to see a smoking hot [BLS] jobs number and that’s not just because we got a strong ADP number today.” Cramer warned that the stock market would get “clobbered” from a strong jobs report because it would mean the Federal Reserve would have to raise interest rates. But as is typically the case with Cramer's predictions, the opposite actually happened.
The BLS report — released the next day — revealed that the economy merely added 209,000 nonfarm payrolls in June, well below the 240,000 estimate and down from a downwardly revised 306,000 in May. Perhaps Cramer should take his own advice when he’s rambling to his viewers again: “Don’t fall for stupid nonsense.”
(Excerpt) Read more at newsbusters.org ...
Cramer is a snake oil salesman. He is trying predict the future which is difficult to impossible.
When no one holds you accountable you can do and say whatever you like.....
The man should really have been fired years ago for his horrible takes....
But he persists....
To pass on terrible advice to future generations....
It’s so bizarre that ADP numbers are reported any more since they’re always wrong. I didn’t need to be Nostradamus on a thread yesterday to predict that their estimate of 497k was going to be way off
BUY BEAR STEARNS~!!!!
It is uncanny to be wrong so often. This defies the averages.
Has anyone ever created an index fund based on doing the exact opposite of what this dildo suggests?
“When no one holds you accountable you can do and say whatever you like.....”
You must be a Democrat?
Whatever he says, do the opposite and you will be fine.................
Years ago some clever guy set up a long-term stock-picking contest. Cramer’s picks were compared to those of Leonard the Wonder Monkey.
(Leonard was an actually a computer program that picked stocks completely at random.)
Leonard won. He didn’t win by much. But he won.
And one more thing. Cramer sued the guy, and forced him to shut his website down.
THANKS!!!
Jim Cramer is an ENTERTAINER.
I think he purposely tries to be wrong. People watch him to do the opposite of what he says. Then again, he may just SUCK at making predictions.
OOO000ooo sh!!!t... too damn funny
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