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EconomyMarch 16, 2023
New ETF does the exact opposite of what Jim Cramer recommends and it's already beating the market
The "for entertainment purposes only" of this joint needs to be stressed. It involves stocks. I'm an idiot. If you take any investment tips from any random thing you see on the internet, you probably own as many shares of PENN as I do. Okay? Okay.
All that said, Jim Cramer is an easy target and this is damn funny. A new ETF (exchange-traded fund) decided to say BOOYAH and do the exact opposite of what Jim Cramer recommends on CNBC's Mad Money. They are now BEATING the market.
ITS BEEN A WEEK SINCE THE INVERSE JIM CRAMER ETF WENT LIVE ITS ALREADY OUT PERFORMING THE MARKET BY 5%
INVERSE CRAMER NEVER FAILS pic.twitter.com/FSpynZoHi3
— GURGAVIN (@gurgavin) March 14, 2023
It's the Inverse Cramer Tracker ETF, filed by Tuttle Capital Management (I'm about to say a bunch of words I don't understand). CEO issued a statement on the polarizing Cramer: "We want to give investors on both sides of the debate a way to express their views, and create products that can provide diversification to traditional portfolios."
Cramer has a reputation for not having the best stock tips, even though he has a television show on a financial news channel to give stock tips. Jon Stewart slapping him around and calling him Susan about it back in 2009 is so notorious it has its own WikiPedia page.
The timing of the launch of the ICT ETF is what's most ironic. Two of Cramer's recent BUYS have been called into question: Silicon Valley Bank and Signature Bank. If you caught any of the financial news this week and/or need to pour yourself a drink before checking your 401K, you know that neither bank exists anymore.
Jim Cramer said Silicon Valley Bank was a buy last month at $320
Today it is being closed by California regulators pic.twitter.com/x1xMBTrQTS
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 10, 2023
2022: Jim Cramer recommends Signature Bank.
2023: Signature Bank shuts down.
How does he do it? pic.twitter.com/2QskFTUPe6
— kanekoa.substack.com (@KanekoaTheGreat) March 12, 2023
As stated at the beginning, this post is for entertainment purposes only. However, if I were someone who makes stock tips for a living and people were making more money doing the opposite of what I tell them to do, I'd be inclined to stop giving stock tips.
Thankfully for Cramer, he works in corporate media. Failing up is the only tip you can count on.
Editor’s Note
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