Elon Musk mocks Jim Cramer's market rats

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Der Besitzer von Twitter und einer der reichsten Menschen der Welt – Elon Musk – hat einen sarkastischen Tweet zu den jüngsten Marktprognosen von Jim Cramer veröffentlicht. Der Moderator der Finanz-TV-Sendung „Mad Money“ von CNBC hat Anlegern viele Male Ratschläge gegeben, aber oft waren diese Ratschläge falsch. Vor ein paar Tagen argumentierte er, dass die Leute die jüngste Krypto-Preisrallye als Gelegenheit nutzen sollten, ihren Vorrat zu verkaufen. Der Markt behielt jedoch seinen Aufwärtstrend bei, wobei Bitcoin heute mit 27.000 $ ein neues 9-Monats-Hoch erreichte. ‚Inverse Cramer‘ ETF scheint zu funktionieren In einem aktuellen Twitter Post, der Mitschöpfer der Memecoin Dogecoin …
The owner of Twitter and one of the richest people in the world - Elon Musk - has published a sarcastic tweet on Jim Cramer's latest market forecasts. The moderator of the CNBC financial TV show "Mad Money" gave investors many times, but often these advice was wrong. A few days ago, he argued that people should use the recent crypto price rally as an opportunity to sell their stock. However, the market kept its upward trend, with Bitcoin achieving a new $ 9-month high with $ 27,000. 'Inverse Cramer' ETF seems to work in a recent Twitter Post, the co -handler of the Memecoin Dogecoin ... (Symbolbild/KNAT)

The owner of Twitter and one of the richest people in the world-Elon Musk-has published a sarcastic tweet on the latest market forecasts by Jim Cramer.

The moderator of the financial TV show "Mad Money" from CNBC has given investors many times, but these advice was often wrong. A few days ago, he argued that people should use the recent crypto price rally as an opportunity to sell their stock. However, the market kept its upward trend, with Bitcoin achieving a new 9-month high with $ 27,000 today.

'Inverse Cramer' ETF seems to work

in a current Twitter post Creator of Memecoin Dogecoin - Billy Markus (better known as Shibetoshi Nakamoto) - said Cramer was "good in his job". His comment triggered a debate, and one of the people who joined him was Elon Musk.

Ironically supported the "inverse Cramer" strategy-a plan that helps investors bet against the share selection of the moderator of "Mad Money".

The power is strong with an inverse cram

-Elon Musk (@elonmusk) 16. March 2023

The inverse Cramer Tracker ETF (Ticker Sjim) was developed to develop in the opposite direction of the advice of TV personality. Matthew Tuttle-CEO by Tuttle Capital Management- explains In detail:

"If he expressly says, either buy, buy, buy a share, then we will shorten this share in the next practical moment. If he tells you that he hates or sell, sell or sell it, then we will buy this name again at the next practical entry point."

Some cryptocurrency participants recently claimed that bets against Cramer could be a suitable investment strategy, since its predictions on the future development of digital currencies like Bitcoin were not entirely.

Examples of his failure

Cramer recommended At the beginning of 2022, the correction of Bitcoin and ether could be ended, which indicates the start of a cryptocurrency bull run. The last year, however, was devastating for the industry and saw the decline of several giants, including FTX, Celsius Network, Three Arrows Capital (3AC) and more.

The negative events, the broad macroeconomic crisis and other factors adversely affected most digital assets, where BTC broke up by 65 %

The American who was once a supporter of cryptocurrencies, gave investors in December 2022 Sell:

"You can't just finish yourself and say: 'Hey, it's too late to sell.' The truth is that it is never too late to sell a terrible position, and that is exactly what you have if you have these so-called digital assets."

At that time Bitcoin moved around $ 17,000, while it is currently above the $ 26,000 mark (over 50 % increase).

It is worth noting that cramer tells spaserver-spaces = "true"> investors at the beginning of February this year. Remember that the financial institution revealed operational difficulties, which caused the supervisory authorities to close it a month after this recommendation.

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