“Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.”The host of CNBC’s Mad Money show, Jim Cramer, offered some advice Tuesday regarding what to invest in the current market condition. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
“Look, Fed chief Jay Powell told us that we need to stop doing stupid things with our money. That was the thrust of his speech on Friday,” Cramer said, referring to Powell’s speech in Jackson Hole, Wyoming. The central banker warned that the Fed’s battle against inflation will bring “Cramer explained that the Federal Reserve is “going to bring the pain until it puts an end to the gambling.
Cramer said this includes cryptocurrencies, adding that other speculative investments investors should avoid include money-losing firms that went public via special purpose acquisition companies and meme stocks.
People from TV can't stop me from doing dca on bitfinex
Recently a project called showtime is very popular, does anyone know?
Yeah cause i would really take financial advice from this guy…
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I wonder how much he's getting paid by the sec and wef
I thought he’s the stock market guy is he crypto expert now?
I've been following Cramer's financial advice for a long time, it really helps. Although in order for it to actually work you need to do exactly the opposite from what he suggests
Hasn't he become a legendary contrarian market oracle yet?
I guess that means we will see a $10k ETH and a $100k BTC soon 😂 InverseCramerETF