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š¬ When entertainment poses as financial advice, bad predictions become the main event.
š Jim Cramer, the bombastic host of Mad Money, is notorious for his consistently poor market calls. So much so that thereās now a āReverse Cramerā ETFāa real fund that profits by doing the exact opposite of what he recommends.
How does someone get it wrong so often? Part of the answer lies in the spectacle. Cramerās entire persona is built on energy, volume, and confidence. Heās not trying to be a reliable analyst; heās trying to keep people watching. His job is more showman than strategist.
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In that sense, heās not far removed from the crypto influencers clogging up your social feedābig opinions, small accuracy, but massive engagement. The goal isnāt to build wealth. Itās to build attention.
Cramer isnāt a villain. But he is a lesson: in a media-saturated market, the loudest voice is often the least useful one.