Financial Twitter’s favorite joke is that the CNBC host is an inverse indicator. Is anyone making money betting against him?
Photo-Illustration: Intelligencer; Photo: Getty
can hear during its call-in period. The show opens with an in-depth segment about a given company or theme, but the call-in portion is the heart of. Regular people all around the country get very excited at the opportunity to ask for his opinion on their favorite stock. Off the top of his head, Cramer tells them whether it’s a buy or a sell — always one or the other, never a “pass” or a “hold.” It seems safe to assume that a lot of those callers will log in to their brokerage accounts and do so.
, have put CNBC’s biggest star through the MemeWorld fun house, casting him as the opposite of a guru — Wall Street’s perfectindicator. Whenever he makes a high-profile prediction about a given company’s stock going up, a collective chuckle ripples across Financial Twitter . A thousand memes bloom suggesting the company’s shares will soon crash and burn.
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