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Cramer’s Mea Culpa

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

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Crazy times we’re living in, folks. Last week Cramer got torn apart by the media for his Silicon Valley Bank call.

It became more than just a meme: Jim was the butt of thousands of jokes, including from mainstream media outlets. Even Elon Musk chimed in.

On Monday, however, Cramer went on a minute-long mea culpa, which. In a moment of humility, Jim Cramer apologized to his viewers, acknowledged that he “really blew it” with the SVB call, and “absolutely did not see this coming.”

It was a good moment; refreshingly honest and direct.

Watch here:

Honestly, props to Jim for doing this. As banks fail left and right around us, it’s good to have humility and own up to your mistakes.

Monday Mar 13

Wall Street breathed a sigh of relief on Monday, even as a whole slew of new banks began to show signs of trouble.

monday

[These bank failures] don’t improve the case for bitcoin, I think it’s being manipulated up. I would sell my bitcoin right into this rally. -JC on Monday

jim

Tuesday Mar 14

tuesday

Wednesday Mar 15

wednesday
jim

Thursday Mar 16

thursday

Friday Mar 17

Mad Money was off the air Friday.

I honestly can’t remember the last time Jim put in a full 5 day work week.

friday

Weekend Bonus

fdic

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

Disclosures

  • This issue was sponsored by our friends at Realbid
  • We have no ALTS 1 or personal investments in any companies mentioned in this issue.

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Author

Stefan Von Imhof

Stefan Von Imhof

Stefan lives and breathes asset analysis and valuations. Before co-founding Alts, he created a Due Diligence Service for evaluating website & micro PE deals. In his spare time he enjoys record collecting and managing his short-term vacation rentals. Originally from Boston and later Santa Barbara, CA, he now lives with his wife in Australia.

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