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Cramer trips on his d*ck

Welcome to Inverse Cramer by Alts.co: Tracking Jim Cramer’s stock picks so you can do the opposite.

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A big Booyah to the 612 new subscribers who’ve joined since last week.

What a week it’s been. Apologies for the crass headline, but boy did Cramer make a bad call on SVB. Like really bad.

Back in February (just one month ago!), Cramer was pounding his viewers to buy SVB. He told everyone that Silicon Valley bank was undervalued!

The fears are not justified, it’s a very compelling situation…The stock is still cheap…it has always been a very good business…and it has room to run.

We usually try to keep things light in this newsletter, but this is serious business. As of this writing it looks like SVB depositors will be okay, but investors may very likely get hosed in what is the 2nd largest bank failure in US history.

And if you listened to Cramer’s advice, you’d be one of them.

JC was on vacation Monday & Tuesday, but by Friday his voice was gone and he looked like death. (Poor guy needs to take another vacation…his 5th of the year. Why not.)

Wednesday Mar 8

Thursday Mar 9

The “Spanish Laughing Guy” meme is always appropriate in times like these.

(Note: The actual guy’s name was Juan Joya Borja. He recently  passed away )

Friday Mar 10

Friday was the big day. Cramer looked (and sounded) miserable. I almost felt bad for him.

He said that SVB’s collapse could be the thing that keeps the Fed from wrecking the entire economy.

Which, depending on where you stand, could either be the best or worst possible thing he could say.

The thing that really amazes us though is the total lack of hindsight.

No mea culpa. No “sorry guys, I was wrong! Here’s what I missed when analyzing SVB.”

He just carries on like he wasn’t completely and utterly pumping the stock last month.

Truly incredible.

Weekend Bonus

I like Jason, and yes we should all be kind (and stay calm)

But whooboy — that was a bold tweet.

Inverse Forbes?

Note: The SVB Twitter account  no longer exists . The FDIC works in overdrive.

Cramer Classics

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

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    Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.