Cramer praises a now-defunct bank in Silicon Valley.
Cramer praised Silicon Valley Bank (SVB) shortly before its collapse, suggesting to his viewers that the bank's stock price was undervalued and poised for a rebound in 2023 after experiencing a significant decline in 2022.
The ETF that tracks the inverse performance of Cramer has outperformed the market.
It is noteworthy that an ETF designed to track the inverse performance of Cramer has surpassed the market's performance, resulting in the CNBC host becoming a subject of ridicule among investors. The Inverse Cramer Tracker ETF, which provides investors with short exposure to Jim Cramer's stock recommendations on Mad Money, commenced trading on the Chicago Board Options Exchange on March 2.
Cramer advises his viewers to sell their Bitcoin holdings.
In a recent episode of Mad Money, Cramer advised his viewers to sell their Bitcoin holdings due to the uncertain market conditions. However, despite his advice, Bitcoin's price has risen by more than 28% in the past week, trading at around $26.2k on Friday. Cramer stated, "I would sell my Bitcoin into this rally, believe me, and I had been a believer in BTC."
Musk gives his approval!
After Cramer's recent investment performance, investors have become more confident in betting against the veteran host. This has led to Dogecoin founder Shibetoshi Nakamoto commenting that Cramer is skilled at directing investors in the opposite direction, to which Musk responded by highlighting the effectiveness of the inverse Cramer investment strategy.
Cramer's tracker ETF attracts attention.
There is already a Twitter account named "Inverse Cramer" with more than 217k followers and a significant online presence.