https://preview.redd.it/u9qaqx8hfzt91.jpg?auto=webp&s=f1368ded520be929466462e8d6bb30a02256dffd
We are at this point in the cycle:
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Inverse cramer algo triggered
Buy now then
So what you’re saying is that we hit the bottom?
Near the bottom, he is trying to force capitulation in retail investors so we can hit a hard bottom, this is what I have been waiting for, almost time to buy
Ok i am buying
Wait, so Cramer saved people in October 2008? Or was that just before everything rallied again?
I wish this was true….but we have another year of bullshit imho.
That one guy figured it out, just buy put calls
This can’t be real holy fucking shit
Sell low!
So he is saying I should lock in my losses?
Buy the dip bitches
I’m loading up on calls for the end of the year. I am expecting a post election rally regardless of who wins what. Unless a civil war or world war 3 breaks out…
I don’t get it, I’m already not wearing any pants and I’ve got my 55 gallon barrel of peanut oil. I’m having a hard time understanding his instructions
2008 actually bottomed in March of 2009 so we’re 6 months away.
Tough to say. Hes inversing himself lately
To his credit, SPY did drop from $105 at close on Oct 6 2008 to $67 at the intraday low on Mar 3, 2009.
That’s a 36% drop in 5 months, which would bring SPY down to $227 by March if the performance is repeated.
I don’t think this is a good example of Cramer’s shitty calls.
Holy shit, you mean my tesla calls are actually going to print?
Jim Crammer: sell every stock you have!
So we now go all in?
He’s not wrong in the ‘08 article. Basically said if you’re going to need that money and you invested, you should pull out. I remember ‘08 and it was a weird ass time. Everyday you felt like the economy could actually collapse. Probably the most sound advice he gave if you’re looking at it from the perspective of someone in the game at that time
Okay so what he’s saying is the big boys need shares and they want them at a discount.
shit my puts are fucked aren’t they
> I’m playing both sides. That way, I always come out on top!
To be fair to Cramer, it looks like the SP500 closed at 984 on October 8 2008, and dropped another 15% before bottoming in March 2009
So that call wasn’t totally wrong
Not sure people here realise, that after he said to sell on that day in 2008, the S&P500 went down further 30%. So this pics suggest that it was rather quite wise to listen to Cramers advise and sell.
For once i think he might be right