Another prediction made by CNBC’s Jim Cramer on Trump’s tariffs has gone up in smoke.
Over the weekend Jim Cramer, who is virtually wrong about everything, predicted a “Black Monday” style crash on Wall Street – much like the Wall Street crash of 1987 dubbed “Black Monday.”
“If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario — the one where we went down three days and then down 22% on Monday, has the most cogency. We will not have to wait out too long will, will we. We’ll know it by Monday,” Cramer said, boasting about his experience dealing with uncertainty, “I was in crash for the cash. I know what this feels like.”
Cramer’s “Black Monday” never happened.
“The S&P 500 sank 0.2%. The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq composite rose 0.1%,” AP reported.
WATCH:
CNBC’s Jim Cramer predicted a 1987 “Black Monday” style crash on Wall Street today.
NASDAQ closed HIGHER today. pic.twitter.com/KYWfgxmvsZ
— End Wokeness (@EndWokeness) April 7, 2025
Last week Cramer went on an insane tirade and absurdly claimed people are worried about inflation for the first time since Jimmy Carter because of President Trump’s tariffs.
Where was Cramer the last four years? Bidenflation was (and still is) absolutely brutalizing Americans.
Does anyone still listen to Jim Cramer?
Recall that Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB in early 2023, saying it was “cheap” and had “room to run” – a month later, SVB was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis.
California regulators shut down the bank, and the FDIC took over right after Jim Cramer urged investors to purchase SVB stock.
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB, saying it was “still cheap” and has “room to run.”
The stock’s value has since dropped by 66% following concerns that the bank is on the brink of collapsing. pic.twitter.com/5jgjqTGxld
— Watcher.Guru (@WatcherGuru) March 10, 2023
This isn’t the first time Cramer led investors off a cliff.
Jim Cramer enthusiastically encouraged investors to keep their money in Bear Stearns shortly before two of its highly leveraged hedge funds collapsed and it needed to be bailed out during the 2008 liquidity crisis.
“Bear Stearns is fine! Do not take your money out!” Cramer shouted on his “Mad Money” show on March 11, 2008. “Bear Stearns is not in trouble!”
Less than a week later Bear was bailed out for $2 per share.
WATCH:
The post Another Jim Cramer Prediction on “Black Monday” Style Wall Street Crash Over Trump’s Tariffs Goes Up in Smoke (VIDEO) appeared first on The Gateway Pundit.