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Jim’s got his voice back!
No more Babadook, our boy was happy and healthy a clam this week. And he actually put in a full week of work!
JC was feeling bullish too. He says the Government has “inspired confidence they’ll be there for depositors.”
And now he says the SVB collapse may be seen as the market’s saving grace:
When you go through all the ramifications of the SVB failure, it ends up breaking positive for much of the stock market. We should thank SVB, because the crisis stayed the hand of the Fed. Without the overnight collapse of SVB, we might have been hit with a 50 point rate hike on top of the quarter point we got last week, and I’ll bet the averages would be substantially lower than they are now.
So you see guys, its a good thing he told you to buy SVB stock! 🙄
Table of Contents
Monday Mar 27
I’m downgrading this from a banking crisis to a “jam” – On the c̶r̶i̶s̶i̶s̶ jam
It’s a cult stock. There are people who love it no matter what. I don’t want to get in the way of it. It’s not the game that I like to play. – On Gamestop
I think they have a very good company but I’d like to see them in more states – On Draftkings
Bank crisis over🙏 pic.twitter.com/jCAIRrnsXn
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 28, 2023
Tuesday Mar 28
In Canada they got rid of the password sharing, and initially the numbers dipped. But now people are starting to regret that, and now they are coming back. That’s why the stock is coming back, and I think it will continue to do so. – On Netflix
We sold that one too early for the charitable trust, and I regret it. – On Boeing
End of the month love affair with stocks based on false assumptions of future earnings coupled with a stayed fed hand because of banking gone wild
— Jim Cramer (@jimcramer) March 29, 2023
Wednesday Mar 29
STOP IT JIM! pic.twitter.com/sYKAf3Gjkf
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 28, 2023
Thursday Mar 30
The one thing thats great about them, is we don’t need Jay [Powell] to make money, cause we got Elon! Elon is real, and he’s great. – On Tesla
if they could only figure out how not to lose money pic.twitter.com/okj22vErk6
— Jim Cramer (@jimcramer) April 1, 2023
Friday Mar 31
I happen to like these fiber coaxial cables. I’ve always had a thing for them. I think that stock’s a winner. – On Amphenol
I want you to go ka-ching ka-ching to that one. It’s the best bank in Europe. Spain is taking over. I say go all in! – On Banco Bilbao
I would prefer you invest [directly] in bitcoin. I want you to put it in a place wher you won’t wake up and find its not there. – On Microstrategy’s Bitcoin reserves
Note: This Bitcoin call is bizarre. Jim told everyone to sell Bitcoin on January 9th; essentially bottom-ticking the current bull run.
…Of course Bitcoin is up a whopping 62% since then!
and everyone said trade it don’t own it. pic.twitter.com/cNgmIJzbpA
— Jim Cramer (@jimcramer) March 31, 2023
Huh? Who said not to own Apple stock? Who has ever said that?!
Cramer Classics
Jim Cramer: "Your money is safe at Deutsche Bank” pic.twitter.com/RNZNxeLOVp
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 24, 2023
BABA already +15%😂 pic.twitter.com/7tGurceZit
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 28, 2023
Meta now +117% since Jim cried on TV pic.twitter.com/yYdGEVvBhx
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 31, 2023
Weekend Bonus
Burry apologizes!
JUST IN: Michael Burry says he "was wrong to say sell."
— Watcher.Guru (@WatcherGuru) March 30, 2023
Tax season reminder😂 pic.twitter.com/XQIxqYXdBy
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) April 2, 2023
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
Enjoy the week ahead.
-IC