Reminder: Don't Listen To Jim Cramer

If you ever needed a reminder not to listen to Jim Cramer, here is him being smug about selling all his Bitcoins around the time of the China crackdown. He also predicted that it will go even lower.

https://finance.yahoo.com/news/mad-money-host-jim-cramer-034022648.html

Let's say you listened to him and you sold at $32k when he made those comments, you would be kicking yourself now that Bitcoin is trading back at $62k today.

Bear Stearns, you beauty!

Now, who can forget his classic advice to a caller on his show about whether to sell his position in Bear Stearns 5 days before it collapsed. The stock was trading at $62 per share when the caller called in and then it traded at $2 per share 5 days later. Insane.

Here's the video for any of you who would like to watch it:

The reason this guy still has a job is because his job is to provide entertainment and some people like the buzzers and the screaming and the talking fast that he does.

But if you're looking for detailed research or interesting thoughts, he is not someone I would recommend. Your mileage may vary.