Inverse Cramer really is the most foolproof strategy for beating the market.
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Remarkable accuracy
What pisses me off about Cramer isn’t his per se wrongness. Pickers are going to be wrong. The only ones who are never wrong are insiders and fuck those guys.
What angers me is that a) he’s wrong an overwhelmingly huge % of the time and b) he still gets to keep his seven-figure gig at CNBC until the end of time as long as he doesn’t diddle an intern. At some point there should be consequences for this level of stupidity.
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There’s gonna be a whole lotta SOCIALISM! demanded by tech bros in the coming days/weeks.
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https://twitter.com/alecstapp/status/1634311897490108419?s=46&t=RKQIqRrKzVps835SSEmebA
https://twitter.com/joshtpm/status/1634330899171901440?s=46&t=RKQIqRrKzVps835SSEmebA
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You mean all these pundits really only care about what is best for themselves? No way.
The tech bro reaction to this is so chefs kiss.
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Lol imagine leaving your money in an uninsured savings account when you can buy totally liquid treasuries issued by the US government.
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My wife just told me she got an email from the upscale toy store Camp that everything is 40% off because they need to raise cash due to their bank going out of business
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the first tweet was about Ukraine apparently.
It’s amazing how much insider trading there is on shit like this.
Someone came in and bought a massive amount of Treasuries calls betting on a flight to safety on Wednesday morning, and Thursday afternoon, lo and behold we have a bank blowing up with potential contagion risk.
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i thought the 250k insurance was for private citizens. i assumed that private companies weren’t just sticking billions into uninsured savings accounts.
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BlockFi’s money in SVB is not FDIC-insured because it was in a money market mutual fund, the company learned from its bankruptcy trustee early this week.
This part confuses me. The index funds I own through Fidelity aren’t insured. Does that mean if Fidelity goes belly up I lose everything? Or are money market mutual funds different?
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Your stocks, bonds and mutual funds would get transferred to another brokerage. A money market mutual fund isn’t FDIC insured because it isn’t a bank deposit. It’s just a mutual fund consisting of short term government bonds. It isn’t FDIC insured but it’ll be SIPC insured up to like 500,000 or something.
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