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(CNBC)   CNBC's Jim Cramer has determined why the market dropped 700 points today. And it ain't Trump and it ain't COVID-19. Take a wild guess who is to blame   (cnbc.com) divider line
    More: Asinine, Democratic Party, Vice President of the United States, United States Senate, George W. Bush, Joe Biden, Biden move, Barack Obama, Stock market  
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5139 clicks; posted to Politics » on 24 Jun 2020 at 8:48 PM (11 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



113 Comments     (+0 »)
 
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2020-06-24 5:09:05 PM  
Pretty sure the IMF said today in their report the trump depression is going to last longer is because a lack of competent leadership in the US right now.
 
2020-06-24 5:27:30 PM  
Wait, Biden has barely said anything in the last four months. Trump goes on a two day bender of batshiat crazy unscripted rallies, and the resulting poll numbers are Biden's fault?
 
2020-06-24 5:36:15 PM  
Carol Baskin?
 
2020-06-24 5:40:19 PM  
Antifa?
 
2020-06-24 6:06:43 PM  
Me? Is it me again?
I've been getting some sketchy texts today and that would explain a lot.
 
2020-06-24 6:41:06 PM  
Jim who?
 
2020-06-24 7:35:12 PM  

eurotrader: Pretty sure the IMF said today in their report the trump depression is going to last longer is because a lack of competent leadership in the US right now.


Not that I see. Did I miss some subtext in the context?
 
2020-06-24 7:38:26 PM  
You can generally count on Cramer to be consistently wrong.
 
2020-06-24 8:50:13 PM  
ahaha ahaha no
 
2020-06-24 8:50:17 PM  
cdn.theatlantic.comView Full Size


Or black people in general ...

DNRTFA
 
2020-06-24 8:51:53 PM  
The cocaine?

/DNRTA
 
2020-06-24 8:51:59 PM  

elvisaintdead: Me? Is it me again?
I've been getting some sketchy texts today and that would explain a lot.


Colons the size of the Washington Tunnel tend to have a permanent effect on everything for the rest of time.
 
2020-06-24 8:52:09 PM  
As a millennial who doesn't have anything invested, good. fark them.
 
2020-06-24 8:52:18 PM  
Remember when Hillary was leading in the polls and we suffered recession after recession? Inflation was so bad it cost a trillion dollars to fill up your gas tank and there was only one trillion dollar bill.
 
2020-06-24 8:52:46 PM  
It is me? Am I to blame? I bet it's me.

I'm so ashamed.
 
2020-06-24 8:52:52 PM  
The stock market was up because it felt that the current 40 million unemployed would somehow still consume as much as they did before the pandemic PRIOR to a vaccine or a cure being available.  While lots of people are (stupidly) going out to bars and partying it up, it is not as much as it was pre-COVID and will start slamming shut as the hospitalizations start spiking again.

Can the federal government afford to keep paying $60K/year unemployment to 40 million people through March to prop up the economy?
 
2020-06-24 8:53:30 PM  
Norm MacDonald blaming Frank Stallone?
 
2020-06-24 8:53:48 PM  
Conservatives believe that Democrats will socialize the living crap out of America and it will cause a massive stall in economic growth and they're scared.

They're probably right.
 
2020-06-24 8:54:44 PM  
Fark user imageView Full Size
 
2020-06-24 8:54:58 PM  

thealgorerhythm: [cdn.theatlantic.com image 720x405]

Or black people in general ...

DNRTFA


That guy needs to put on a hundred or two pounds or so to fill out that thing, kinda like this guy so he doesn't look so wimpy

Fark user imageView Full Size
 
2020-06-24 8:55:15 PM  
Who gives an ever living fark if investors lose money? Who cares? The drop in my 401k is going to be so minimal that it won't matter that much compared to the overall health of the economy, employment, and wages.
 
2020-06-24 8:55:24 PM  
The guy who fixes the cable?
 
2020-06-24 8:55:53 PM  

sleze: The stock market was up because it felt that the current 40 million unemployed would somehow still consume as much as they did before the pandemic PRIOR to a vaccine or a cure being available.  While lots of people are (stupidly) going out to bars and partying it up, it is not as much as it was pre-COVID and will start slamming shut as the hospitalizations start spiking again.

Can the federal government afford to keep paying $60K/year unemployment to 40 million people through March to prop up the economy?


It's a bubble.  Everything about our economy is a bubble now.  Nothing reflects reality. They'll ride the bubble, crash it, then set up the next bubble again.  It's how everything works now.
 
2020-06-24 8:56:28 PM  
i.imgur.comView Full Size


Eat a family-size box of rancid dicks, Kramer.
 
2020-06-24 8:56:29 PM  
img.huffingtonpost.comView Full Size
 
2020-06-24 8:57:29 PM  

Destructor: Conservatives believe that Democrats will socialize the living crap out of America and it will cause a massive stall in economic growth and they're scared.

They're probably right.


It's hard to give a damn about how great the stock market is doing when you're sick, starving and flat broke.
 
2020-06-24 8:58:49 PM  
Yeah, and...? Sure, the market may lose some money initially but in four years, we'll have a growing stable market with a stable president, which is much better than what we have now.
 
2020-06-24 8:58:56 PM  
Well, with notorious Marxist-Leninist Joe "collectivize everything" Biden in a commanding lead, who can blame them?
 
2020-06-24 8:59:46 PM  

bobobolinskii: thealgorerhythm: [cdn.theatlantic.com image 720x405]

Or black people in general ...

DNRTFA

That guy needs to put on a hundred or two pounds or so to fill out that thing, kinda like this guy so he doesn't look so wimpy

[Fark user image image 300x168]


Are they getting Moonie married?
 
2020-06-24 8:59:50 PM  
"I trusted Jim Cramer and invested in something... Aaaand it's gone!"
 
2020-06-24 9:00:16 PM  
Looking at data going back to 1951, Bank of America found that when the White House flipped from Republican to Democrat the S&P 500 underperformed over the following three months compared with when a Republican replaced a Democrat in the Oval Office.

The market may go down a little bit, for a couple months, so hey - Vote for President Insaneo
 
2020-06-24 9:02:12 PM  
Jason Bourne?
 
2020-06-24 9:02:23 PM  

Destructor: Conservatives believe that Democrats will socialize the living crap out of America and it will cause a massive stall in economic growth and they're scared.

They're probably right.


Conservatives are never right about anything.
 
2020-06-24 9:03:08 PM  
HE HAS NO IDEA WHAT'S GOING ON OUT THERE! HE HAS NO IDEA! NO IDEA! NONE!

MARKET MELTDOWN
Youtube SWksEJQEYVU
 
2020-06-24 9:03:21 PM  
Jim Cramer is that crazy uncle that loves to share stories, but you don't believe any of them, and you never let him stay around your kids without an adult present.
 
2020-06-24 9:03:22 PM  

gopher321: Jim who?


The anti-Oracle of Wall Street
 
2020-06-24 9:03:45 PM  

T Baggins: Wait, Biden has barely said anything in the last four months. Trump goes on a two day bender of batshiat crazy unscripted rallies, and the resulting poll numbers are Biden's fault?


Biden is doing the best thing he can do for his campaign, which is to do nothing, and let Trump keep spewing stupid shiat, as he can't keep his mouth shut and keeps digging himself in deeper.
 
2020-06-24 9:03:47 PM  

killershark: Yeah, and...? Sure, the market may lose some money initially but in four years, we'll have a growing stable market with a stable president, which is much better than what we have now.


Four years?! Bbbbut that's like sixteen quarters from now! My god, it's like you don't even care about the yacht gap.
 
2020-06-24 9:04:34 PM  
Dotard* running the country like one of his bankrupt companies?
 
2020-06-24 9:06:23 PM  
The market has not priced in a Biden Presidency and a Senate flip. Early on I thought it was going to just be a Demo presidency win.

That said. The tax cuts Trump signed in will be rightfully taken back, and there is nothing they can do. That leads to lower earnings, and decreased business valuations, and thus, lower markets.

Closer to the election we will see a lot more of this when it is becoming clear to investors.
 
2020-06-24 9:07:24 PM  
Is it Da Libs? Or Da BLM? Maybe Da Antifa? Da face masks?

DNRTFA, because you said to guess what was to blame, and considering current "let's blame..." trends, it seems like the thing.
 
2020-06-24 9:07:53 PM  

eurotrader: Pretty sure the IMF said today in their report the trump depression is going to last longer is because a lack of competent leadership in the US right now.


The only thing Trump knows how to lead is his companies into bankruptcy.
 
2020-06-24 9:09:20 PM  
I'm legit shocked it wasn't Obama. But hey, Democratic President(ial candidate), close enough.
 
2020-06-24 9:11:16 PM  
The market has performed better under Dems than Republicans over and over again.  That's because a stable economy is more important than snowflake investors fee fees over any respectable period of time.
 
2020-06-24 9:11:56 PM  
and in a surprising turn of events,Jim Cramer threw himself down on the floor,tear strewn face upturned to the camera and then admitted to his audience (and himself !) that he is the problem! It was a big breakthrough for Jim,he then went on to renounce capitalism and gave all of his possessions and money away.
 
2020-06-24 9:13:06 PM  
Why does that man still have a job?
 
2020-06-24 9:16:42 PM  

sleze: The stock market was up because it felt that the current 40 million unemployed would somehow still consume as much as they did before the pandemic PRIOR to a vaccine or a cure being available.  While lots of people are (stupidly) going out to bars and partying it up, it is not as much as it was pre-COVID and will start slamming shut as the hospitalizations start spiking again.

Can the federal government afford to keep paying $60K/year unemployment to 40 million people through March to prop up the economy?


Yes.
Next question?
 
2020-06-24 9:16:53 PM  
Fark user imageView Full Size


The fark, Fark??
 
2020-06-24 9:18:22 PM  
Fark user imageView Full Size
 
2020-06-24 9:18:47 PM  
i.pinimg.comView Full Size
 
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