Add to that gumbo the chilled venture capital markets, and it's no surprise, Cramer said, that SVB Financial, which executed a large capital raise this week, is taking a bit of a hit as a potentially risky bet.
Crypto's well-documented collapse means that Silvergate's action, while overly punishing, is unsurprising, Cramer said. But there's hope on the horizon with two sets of economic data set to come out in the coming days: February employment number and the nonfarm payroll report. Cooling and weaker numbers for those reports, respectively, could be a boon for financials and for tech stocks, Cramer said.
Jim you can keep an eye on the bank, I will keep an eyes on my money 😂🤣😂
He told everyone to buy Silicon Bank and believe everything Fauci says. Cramer is a 🤡
He also told people to buy to buy $SIVB last month. This is why your network is a joke.
You are clueless. U were so bullish. smh
All medias always sell panic and fear while organizations are buying all. Bullish. Data
What is the new ? It is easy to say this
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Source: CNBC - 🏆 12. / 72 Read more »