Buzzer Banging Blues

I have made no apologies for my total dislike of the person I call “The Clown Prince of Buzzer Banging” aka James Cramer of CNBC™.

Many times over certain periods others have commented to me such as “Well, he’s on TV so he must have some value for insight, right?” To that premise I have argued the value is if you like watching comedic tragedies that take place with “believers” money. And as of this moment the now ever growing list I have argued would not only be forth coming but with frightening speed and losses that seemed impossible let alone improbable just weeks ago. Is now here and accelerating.

I leave you with only two for example, but they show in vivid Technicolor® detail the losses that are being racked up in both speed and size. To wit:

First Netflix™ where the word was “Buy!” on January 2nd. Here’s the resulting recommendations performance, so far…

(Image source)
(Chart Source)

Here’s another all but now forgotten, or at least that’s the way both him and CNBC would like to have it. This one is called DiDi™, the ride-hailing competition to Uber™. The chart says all one need to know from its IPO debut till today. Again, to wit:

(Chart Source)

And the list goes on such as with Peleton™ (losing nearly 80%plus so far) Roku™ within the same type of metrics, Zoom™ same, Square (Block™) same, Pay Pal™ also. Again, all are minimum 50%plus value losers, some more – much more.

These were all contained within his “Magnificent Seven” recommendations for profits and beyond because of his insight into their business and knowledge of how their back-orders seemed to be never ending.

But then the Fed said – “We’re now ending the free money train.” and Cramer’s “genius” along with his followers money, is now down what they call “The Drain.”

And everyone not only is beginning to see him for what he truly is, but is also paying dearly for it. Again.

© 2022 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.