Mad Money: Jim Cramer's Worst Market Predictions Ever
Vložit
- čas přidán 27. 04. 2024
- Thank you Squarespace for sponsoring this video. Check out Squarespace: squarespace.com/blaze for 10% off on your first purchase.
Join this channel to get access to perks:
/ @brainblaze6526
GET AN EPIC BEARD: beardblaze.com
BECOME A LEGEND (with ease) by joining my Legendary Legends Newsletter: t.co/jedug2vS4Q?amp=1
This video is #sponsored by Squarespace.
Simon's Social Media:
Twitter: / simonwhistler
Instagram: / simonwhistler
Love content? Check out Simon's other CZcams Channels:
Warographics: / @warographics643
MegaProjects: / @megaprojects9649
SideProjects: / @sideprojects
Into The Shadows: / intotheshadows
Today I Found Out: / todayifoundout
Highlight History: / @highlighthistory
Brain Blaze: / @brainblaze6526
Casual Criminalist: / thecasualcriminalist
Decoding the Unknown: / @decodingtheunknown2373
Places: / @places302
Astrographics: / @astrographics-ve4yq - Zábava
![[柴犬ASMR]曼玉Manyu&小白Bai 毛发护理Spa asmr](http://i.ytimg.com/vi/0TsXQ7z2Dh4/mqdefault.jpg)
Thank you Squarespace for sponsoring this video. Check out Squarespace: squarespace.com/blaze for 10% off on your first purchase.
You should make a business related channel for videos like this, maybe call it business blaze or something
Maybe stand up and slap the script as you read it too 🔥
@@Mister_MS.PAC-MAN yeah and maybe bring a heater in and name it. Why? Why not
DANNNNYYYYYYY!!!!!!!!!!!!
@@ThePapaja1996 that's a weird way of spelling Peter
Wait a minute 😮
The best Jim Cramer moment was when Jon Stewart tore into Cramer so bad regarding his unethical behavior, it made Cramer cry live on the air.
John Stewart is such a fucking legend.
I 'member that! lol
Jim Cramer is great at hosting an investment television show. He's just bad at giving advice.
I always thought the technique he used - finding and playing back someone's own clips to their denials and obfuscations - should be used by non-comedic journalists.
@@Arigator2 I'm sure he knows what he is doing. He tells people to buy while he sells and he buys when he tells people to sell.
John Oliver absolutely roasts Cramer at every opportunity. His last one was absolutely savage regarding Cramer’s love of Boeing - you know - the airplane manufacturer that just murdered their whistle blower.
"Allegedly" 😉
@@terrafirma5327 Controversial.... allegedly
Brutally. One summer.
wait, who did they allegedly murder?
@@Laurastar2009 His name is John Barnett. He was a quality manager at Boeing. He was one of many whistleblowers who had been complaining for years that Boeing was cutting corners when it came to safety. He was found dead with a self inflicted gunshot wound on March 9.
I find it funny that his cameo in Iron Man told people to sell stock in Stark Industries... yet by End Game Stark Industries was still a multi-billion dollar company loved by all that uses its vast wealth to literally protect the earth.
Even in fiction his predictions are wrong.
I don't have any business predictions, but I do predict that by the year 2030, Simons' channels will be at least 25% of all CZcams channels.
Generation Big Brain.
….that’s literally a business prediction…
@@slaytanicsabbath You know what, fair enough.
@@christyrodrigue662825% simon 25%mr beast 50% skibidi toilet
Once he gets his clones back in line
He is the epitome of sponsored content. If a company is desperate enough to seek Cramer's help, they are best avoided.
At first I thought you meant simon😅
"If you take a smart person in one field and put them in another, they're also going to do well there."
Not necessarily. Competence can be _incredibly_ granular and specific. Ben Carson is one of the best brain surgeons in the world, but he's hopelessly ignorant about _absolutely everything else._
One of my favorites is retired physicists who write papers about biology. That are not well received.
Including other fields of medicine.
I think you're missing the intent of this meaning. The point is that you can take a person who is highly skilled and knowledgeable in one field and then train them to be highly knowledgeable and skilled in another field without considerable effort. It's not to say you can take a top mechanic and get him working on accounting immediately.
@@Snake369 Exactly this
Simon dude. Yikes. My little brother was a computer programming prodigy and he does well in that. Beyond that he doesn’t know his ass from a hole in the ground. You don’t become a computer engineer and suddenly you’re good at rewiring a home
As a person who uses vr and vrchat.
The meta verse was a joke. They claimed the technology for legs just didn't exist... While VRC had not just legs that worked but also full body tracking as a whole. (Even have tracking with certain head sets)
Meta issue was not only was it EXTREMELY far behind its competitor but it also went fist deep into corporatisation before making it even work as a platform.
Do you remember meta verse Walmart? Were you can order online by walking through a digital store to stock your cart? That also has a very annoying pop up lady show up to upsell products in other isles like you had your own personal worker there just to harass you to buy stuff...
Lmao this is a classic on going joke! If he says to do something, do the opposite 😂😂
with leverage
Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Slow and steady wins the race. It's all about acquiring assets with proper market direction over time. Professional guidance could be really beneficial in navigating these turbulent times.
I wholely disagree with the assumption that "smart people are smart". working in a technical field in which I have supported doctors, professors, NASA along with several other alphabet agencies, lawyers, CEOs, major film producers, military brass, and many other people who in their field are knowledgeable AF, none of them by default were intelligent when it came to their hardware and software and nobody should expect that.
There's an ETF (ticker: SJIM) that takes the opposite side Cramer's of predictions.
Oh, you made it to the end of the video already?
@@ThatWriterKevin the shoeshiners are now in on it.... time to reverse the reverse of jim.
Be like Jim..... oh the internet heads just exploded.
Can't find it on TradingView
My wife works in the finance industry and she realized that 98% of the people there don't know what they are doing. They are basically gambling with people's money, but they get away with it because they act arrogantly knowledgeable. Because my wife cannot cover all companies, she looks to other analysts for their opinions, but for reasons outlined in this video. Some are so consistently bad that she will take the opposite of what they recommend
Ahh, the stock market. In high school we had to "Play the market" in Civics class. Our teacher was awesome and actually taught things we'd use. He had us all "buy" shares in companies, I think we got five shares, at that days price. Then a month later we looked at how much we lost/gained.
It was kind of sad how many ignored his advice NOT to buy with your heart. Many just went "Yeah, I use their stuff, I'll go with them." Only to lose at the end.
I managed to get an A though. I remembered seeing Lockheed Martin was up for a big contract and took a chance. They got the contract so I had one of the highest returns in the class. But one dude put all his shares in one company and made BANK. Even our teacher was mad that it was just pretend because this kid would have made thousands off like five shares over a month.
What was the company, if you remember?
@@blackfirefox666 I honestly don't remember. This was back in the late 90's.
The thing about the tech bubble being obvious:
It was obvious that there was a bubble. It was also obvious that computers and the internet were going to be a huge, culture-altering part of the future, which would mean that at least some of those tech companies were going to carry their value into the future. What was not really obvious is which of those companies were part of the bubble and which were part of the future. Apple was a tech giant in the 80s and is a tech giant today, but it looked like a zombie in 1998
I was into the Mad Money show back in 2007 or so. I bought his book. I was trying to learn about investing, money, saving at the time. I got half way through the book and forgot about it. I figured over the years that he faded away and so did is show. So hard to believe he’s still around now with all the bad advice, money he’s given people. I’m glad I forgot about it and never took him as the gospel because yikes, what a nightmare he is.
I'm surprised you can fit Jim Cramer's worst market predictions into a mere 24 minutes.
The big brain move is to do one video, publish it, wait a while, check the analytics and then, hopefully, "Hi Kevin, that Jim Cramer video did quite well, have you got enough material for any more?"
Cut by Sam or Lorelei to the clip from The Matrix with Neo (captioned "Kevin") and Trinity in The Construct as the miles of gun racks (captioned "Jim Cramer's Worst Market Predictions") rush in from nowhere
Fsxk me, this show, it's my most effective cure for my Adhd, the room could even be on fire and I wouldn't notice or care to notice, from having a good laugh to sometimes wallowing despair with Simon's delivery of whatever subject.
It's a small but complete break from actual life, which is just so welcome.
Also, +1 for Simon's tangents, all of them, free the tangent, moooooooarrrrre!
My favorite was Jim Cramer's interview with Elizabeth Holmes of Theranos fame.
That one I'll give him a pass on because a lot and I mean a lot of powerful and knowledgeable people were sucked in by her. That's why she went to jail -- she hadn't learnt the rule of not committing fraud on powerful people ! 😂
he did the same with FTX and Facebook. Basically, you just do the exact opposite of what he says. If he says sell, you buy!
@@bunyipdragon9499nah the issue is he aired an episode to help defend her AFTER the allegations and everything went public. He really doesn’t get a pass on that one 😅
@@theseyi I didn't realise he'd promoted her after the charges -- that really does make him a dufas 😂
@@bunyipdragon9499 lmao u good, he really dropped the ball there 😂
The metaverse would be a lot more impressive if it wasn't just bad at everything compared to it's VR competitors.
The avatars look bad, they claimed they had added legs when they hadn't(and floating torsos just looks weird), the voice quality isn't the best, and the desync is jaring(people teleport around and do weird stuff because it doesn't know where they should be or what they're doing properly).
It's not impossible to fix this sort of stuff, but given the spending and fairly major issues I don't think they're gonna lead VR chat any time soon, of course facebook being ubiquitous and owning oculous I think they might be able to force their way in with money and brand recognition, but I think that'll only hurt them long term given their current technological issues.
Unless they team up with Fortnite, I very much doubt Metaverse will go anywhere. The concept isnt necessarily bad but the management of the spaces and interactions are too bland. In the meantime, Fortnite is flooded with users, hosting virtual concerts and providing building spaces for creative types. Without even basic Second Life style room customization and community building spaces, its just too boring.
My theory is that Cramer tells everyone to do what will make him and his friends the most money.
he probably bets against of what he says.
Not sure why but Cramer always made me wonder what his cocaine budget was. Can you make consistent stock predictions when you’re that high?
Allegedly
The inverse cramer etf was intended to be critical of Cramer, but had the opposite effect. It shut down this January, but in the years it was open it somehow underperformed the S&P by 45%. The stated goal was to draw attention to the lack of accountability in TV stock pickers though, not the idea of skill. It's fair to call it a success.
dude, my dad was one of those people who bought tesla shares EARLYYYY and literally hasn’t done anything with them since. and omg when the shares split again like a year or two ago… let’s just say that was a good day for him 😅😂
too bad I was in middle school in 2011 and couldn’t get in early on that stock game 😪
The only sure way to consistently outperform the stock market is to get elected into congress, then you can legally do insider trading.
Ah Best Buy in the UK. Remember going to their Croydon shop many times. They were great in letting you have a play with their stock and their staff were a lot better trained and knowledgeable than those at Currys. I would then thank them, go home, and buy from Amazon at a lower price. I was a massive git.
2:45 - Mid roll ads
3:55 - Back to the video
6:20 - Chapter 1 - 02/29/2000 ; Buy into tech stocks
9:50 - Chapter 2 - 03/11/2008 ; Bear stearns is fine
12:50 - Chapter 3 - 11/20/2012 ; Dump HP & best buy
15:40 - Chapter 4 - 03/08/2023 ; Buy silicon valley bank
Editor's meme's knocking it out of the park as per usual. Perfect Chef's kiss.
This ought to be good...
Oh my. He documented his crimes😂
I found it hilarious when Simon said that Cramer sounded like Donald Trump in that interview for The Street. Mainly because when the video of that interview was playing, I was looking at Cramer and thinking "Holy crap, his body language reminds me of Trump..."
His motto: "If you don't know what you're doing, how the fk is your enemy supposed to know what you're doing?"
22:48. Sam needs to clip that laugh and use it at every available opportunity.
A colleague of mine was constantly boasting about how well his shares were doing and I always asked him why he wasn't selling them while he was ahead: His reasoning was always "Because they'll be worth more next month". Then Covid happened and they crashed HARD: They're still yet to hit the amount he paid to break-even, to this day.
The stock market is just a form of gambling at the end of the day and people are too consumed by the idea of profit that they're incapable of cashing-in lest they miss out on an extra $20. I don't feel sorry for my colleague in the slightest! If you buy something for $100 and someone offers you $150 for it later on, you take it! You don't say "Well if they're willing to offer me $150, someone else might give me $158."
Well... Best Buy was in significant trouble back in 2012. An amazing CEO actually lead. You know, like leaders in movies do! There was a stream of employees on the corporate campus walking out to the smoke shack in tears with a yellow envelope. Pretty brutal. They pulled it out in the end, though now, may be in trouble.
Simon: This time the specific date probably doesn't mean anything to any of our viewers
Me: ...That's my birthday...
Kevin is my very favorite script writer, followed by the Dave who fucks with ghosts ❤
😅
I’m so distracted by the white marks and that big disc on the desk lol.
If he was so good at the stock market he'd be nowhere a TV studio.
I think the metaverse will be a thing, in the same way that video calls are a thing:
The kind of thing your company forces on you for meetings, that you probably wont use for anything else
So, what you are saying is Zuck is banking on another pandemic?
Depends on the progression of the tech, as usual, really. If it gets to the point of being able to completely replicate reality, including taste, then it very much would become world-changing. Who knows if/when that'll be, though.
Best Buy, Circuit City, HH Greg. Best Buy is the only one left.
The look in Simon's eyes when he's talking about Meta stocks is somewhat terrifying
He's one of them.
So great that you put this together
"I dont remember asking you a goddamn thing" Said this near my kid and hes just like "No I dont" 😂
The last show that gave good stock market advice was ages ago on PBS, Wall Street Week with Louis Rukeyser. His guests actually picked winners, one of his guests predicted the 1987 stock market crash on his show right before it happened, Lou didn't shout down his guest, or downplay his views, every modern show on stocks would have screamed at the guest, cut to a commercial, returning to an empty chair where the guest had been sitting.
As a person who was signed up as a nuclear engineer... I would not take my word on any big brain economy stuff or stocks. Just cuz SMART person may be smart dosn't make them smart elsewhere. (Like my inability to people) Usually it just means they are good learning and understanding tho.
Jim Cramer looks like he could be Louis CK's older brother 😂
My brain clocked out like halfway through but I stayed for the tangents 😂
Lol, I remember seeing Louis CK for the first time thinking that dude should give up the lame finance show cuz his stand-up is funny as hell. 🤣🤣
19:21 Tesla stock is massively over valued, right now the company is valued at (according to stocks) more than every other car manufacture combined, even though it only has like a 5% market share.
To me the metaverse is a non-starter until the price of VR gear absolutely crashes...or someone finds a way to make owning VR an easy prospect financially. At that point I'll start considering whether or not Metaverse could work.
Haven't watched yet... know this will be amazing!!!😂😂😂😂
I am with you Simon with Tesla, it's a very overvalued stock, it's market cap bares no basis in reality and lately its stock value has nose dived 43% in the past year. Given the horror show the Cyber Truck is turning into, I doubt Telsa will be around 20 years from now.
Hallelujah, there ARE sane people around 😭😭😭
I’ll be impressed if they make it past 10 more years even lol
Kevins funny. Simon's funny looking 😂 Good on ya Whistler. Cheers from New Zealand
I think you misspelled "handsome" 😉
I agree with Simons Tesla take. Tesla is losing it advantage quickly. It's always been very over valued.
Tesla definitely peeked
Peeked.... from behind what?
@@captainspaulding5963 your a hero mate
Oops it's you're not your, you are a hero 😁
@@captainspaulding5963peaked from that mound of bs known to have a musky smell.
I know nothing about trading /investment and I'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Nancy Williams Laplace
This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
“Bear Stearns is FINE!” That was the end for me.
When SVB went under all the other banks took a hit and what I did when that happened is I looked at what banks made it though 2008 and I invested in those and when they all bounced back I made a pretty good chunk of change.
Tesla is such a weird company. Making cars that are CONSTANTLY being recalled in huge numbers and are now being outperformed by other EVs (and the cybertrucks are also a disaster and also all got recalled), but still makes money because it is a tech company whose tech fails all the time (hardware and software) is odd. And if their market value dips, Elon just announces something new, praises it with is second twitter account, people get excited, and then comes out with something far inferior to what was promised. I get that he is not the brain in Tesla building the stuff, and there are real world limitations to things based on where we are and when your boss demands a new product and what he wants it fit inside, but also... he doesn't seem to listen to his engineers or anyone else advising him either. Like "you will need a different launch pad for that rocked." Or even the conventional " you should definitely have safety lines on the floor and beeping forklifts and such so people don't die, even though you don't like the color or sound."
the best version of this channel you mean
The Metaverse idea may just be too far ahead of its time. The world isn't ready for it yet because the infrastructure isn't there yet and VR/AR are still niche'. It won't take off until there's been a huge advancement in the glasses. Maybe in 10 years from now VR/AR glasses will be the size of a set of reading glasses. If Metaverse ever takes off, it will be when we get to that point. Glasses need to be small and cheap. Zuckerberg is building the partnerships and software infrastructure now so it should be in a very good state by the time the hardware catches up. It's just a question of if Zuckerberg and his partners will still be invested so heavily when the hardware is finally ready. Metaverse may collapse before then.
Horizon worlds is also totally invalidated in its existence by VR chat, as buggy as it is. Its free, you can publish whatever content to it you want and people actually use it.
His advice to Apple to buy Epic then any EHR was hilarious.
i'm 35yo. i don't understand stocks. i get the overall premise of investing in things that will be successful, but i don't understand how it all happens, or any of the terms. i barely understand my own taxes or health insurance. all i know about my vehicle insurance is that i'm required to have it because the car is financed. at this point...i am too afraid to ask.
I hope you are joking (I don’t mean that sarcastically). However, if you’re not, I enjoy helping people better understand their finances and general financial principles. If you’re interested, I’d be happy to talk.
I don't agree with Simon on Meta but Tesla is definitely a flash in the pan.
Im well aware of who Jim Cramer is, and his best moment was being featured in the original Iron Man movie where his sole prediction was correct, though it was a fairly easy prediction to make.
I think cramer gives AWESOME advice! Just do the oposite of his advice!
BRO HE SAID TO BUY SILLICON VALLEY??? My sisters boyfriend works for a tech company that had there money in there and he almost had to be let go because the fed wasn’t sure they were even going to reimburse the lost money in full 😭
the billy mays of wall street
Cramer used to brag about formerly being Eliot Spitzer roommate. Even using the show in the political campaigns, albeit limited to a single segment at a time.
On your prediction, I say put about $3-5k toward it and see how it goes. Don't touch if it goes up or if you see the writing on the recoup what you can. But ride it until it either succeeds or fails.
The amount may vary on how much you are willing to put in and/or afford to lose. I figure .5 to 1% of what you have, just in case it does bottom out. Then it doesn't financially brake you and put you in the poor house.
When he was saying buy, was he secretly selling and vice versa, then publicly saying he had lost money while hiding the proceeds?
How do I get ahold of Whistle Boy stock?!
After seeing Jim on Internet Today and other news shows this is going to be good.
You should buy things that are overvalued because despite being overvalued, they'll keep going up.
See also Enron that people kept buying purely because other people were buying it. Along with Suzie Orman who told everyone to buy real estate because "They aren't making any more of it, so it has no where to go but up. She said this in 2006.
It might say something that the only time I've ever seen his show is his cameo in the first Iron Man movie...
My uncle invests in stocks. He watched mad money, because to him is was, "comedy, with occasional nuggets of half-way not bad advice".
There's been more and business-oriented videos on this channel recently. Have you considered changing the name from "Brain Blaze" to "Business Blaze"? It kinda has a nice ring to it!
Gotta go with Brain boi on that Tesla stock. Not to mention that Elon is a 'Not A Good Guy'. ( Cleaned up for You Tube )
22:47 did he get drunk before the interview and decide to admit to crimes?
I thought you got the matchup btwn the early days of Business Blaze and Mad Money. Except you have a better reputation for being more financially honest.
I think you are wrong. If you need an operation , would you prefer a smart doctor or a smart lawyer with a scalpel?
Its like you only just realised that your old time structure for this show WAS a direct satire of this sort of stuff.
Commenting and saving this video to check back in ten years cause I agree with you about metaverse i just wish it wasn't lizardbot Zuckerberg behind it. (Joke on the lizardbot part)
Inverse cramer works everytime.
Honestly you have to give the guy credit, it's actually hard to be wrong that consistently
Fuck yeah we're business blazing today!!!
seeing simon being really bad at basic maths followed by a squarespace add
totally represents the spirit of BB....
... and why we`ve all been watching for years!
Cramer is like that friend telling you the slot machine hasn’t paid out in a while, so now’s the time to play on it since it must pay out soon
Sam’s back!
Traders absolutely know they are buying into a bubble, its just that they every single one of them believes they can beat the bubble and sell before it bursts and obviously thats not possible
"Interesting!" I will def check back in 10
Best buy has never had competitive pricing, at least in 2006-2010 era they were crazy expensive
He has the opposite of a Midas touch
Everything he touches, turns to aluminum
@@barneynedward At least aluminum is useful.
@@barneynedwardlead has a close composition as gold on the periodic table. But lead is cheap and can be toxic.
I saw the housing market the same way. I was 20 with a min wage job and they told me I qualify for a house. Lol no I don’t.
Saw Simon's face, didn't read the title, clicked it anyway.
The metaverse thing is very likely to be "a thing" but whether it not it's actually Meta who is at the forefront is the question. The whole move fast and break things worked for Zuck when he didn't have a massive corporation underneath him, I just doubt they have enough clout or mobility to do more than snare a small company who actually will figure it out.
When cramer started Mad Money, investing was an obscure thing that only Wall Street did.
His wild show is a way to bring it to the masses. It’s entertaining and he keeps you up to date on the market.
Anyone seriously investing in stocks based on what the tv man says deserves the returns they get 🤷♂️
the thing about the metaverse is zuck is just making his own metaverse, taking the idea from other people so who knows which metaverse will actually thrive because thats the kind of thing where probably only one will be successful on a large scale
just a note on that tesla stocks comment. tesla is not 'a car company' they are so much more, solar panels, solar roofs, main grid battery solutions, home battery solutions, virtual power plant systems, cars, car drive trains, lithium refining, battery cells, optimus robots, full self driving software, AI solutions, electric car charging products (super chargers opening to non teslas) .... probably missing something here
point is they have many fingers in many very very lucrative pies, not just a car company even though they are years ahead in logistics compared to the likes of gm or ford.
19:33 lmao stick to index funds, fact boi