Posted on 02/02/2023 11:07:31 AM PST by Red in Blue PA
CNBC’s Jim Cramer on Monday said that it’s time to acknowledge that his group of Big Tech FANG companies are no longer market leaders.
The acronym, which was first coined by Cramer, stands for Facebook parent Meta Platforms, Amazon, Netflix and Google parent Alphabet.
(Excerpt) Read more at msn.com ...
Anyone who listens to this fool deserves whatever they get.
For the record, Facebook currently up 27%.
AMZN up 8% on the day.
GOOG uo 6.7% on the day.
I love the way he films each show in a button down shirt with a loose tie...and his sleeves rolled up...like HE put in a really hard day's work. Laughable.
Amazing they gave him a show AFTER his 10 “winners of the new world” in 2020.
Gave 10 stocks which should be in everyone’s portfolio. Within 2-3 years, 5 of the 10 were defunct.
A monkey with a sharpie and a financial page of the WSJ would do better.................
Jim Cramer has inverse magic, a.k.a. reverse midas touch!😉
Back in the dot com boom Cramer gave a list of 10 stocks that would be the winners in the new world
https://www.thestreet.com/personal-finance/the-winners-of-the-new-world-891820
“You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.
OK. Here goes. Write them down – no handouts here!:
724 Solutions ( SVNX),
Ariba ( ARBA),
Digital Island ( ISLD),
Exodus ( EXDS),
InfoSpace.com ( INSP),
Inktomi ( INKT),
Mercury Interactive ( MERQ),
Sonera ( SNRA),
VeriSign ( VRSN) and
Veritas Software ( VRTS).
You are 1000% correct. My wealthy pal loaded up on stocks circa 12/31 and is just killing it. The SP500 and QQQs have already clocked in a pretty good year, up 9% and 17% respectively. I yelled at him to buy AMD. 67 >> 88, but everything he bought is up bigly anyway. Even ARKK, disruptive tech writ large, is up nearly 50% since 12/31.
Semiconductors [SMH] are up over 50% since 1/1/23.
I believe Kramer asked the question “Is Bankman-Freid the new JP Morgan?”
news of layoffs?
Cramer…sorry Cosmo.
I already own them BTW and am gratified to hear about all their layoffs.
has there even been somone who was so consistently wrong than this idiot?
Dem Operative caused.
millions to lose Millions with his 2008 picks .
This Dem front man should be in Prison .
Um yeah, but ARKK is still down about 70% from about $152. So it has a long way to go before I become a believer again.
> A monkey with a sharpie and a financial page of the WSJ would do better................. <
Funny you should mention that. Years ago some guy set up an internet stock-picking contest between Cramer and Leonard the Wonder Monkey. Leonard won. He didn’t win by much, but he won.
(Leonard was actually a computer program that picked stocks randomly. Cramer sued, and made the guy shut down his site.)
The guy is a clown.
Want good advice? Listen to Cathy Woods, of Ark Invest.
Sounds like it’s time to buy. LOL.
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