Cramer did exactly the same thing with Bear Stearns literally weeks before it collapsed. He is friends with most of the CEOs and big investors and he did them a favor of providing exit liquidity. Stewart asked him some reasonable questions and Cramer was very shocked.
Also you all should see Hasan Minaj and Mr. Wonderful which he calls a type of investment influencer who can afford to take some hits but those who follow their advice get washed and it's mostly the unsuspecting retail, who look up to him.
Pardon me, what?
Cramer did exactly the same thing with Bear Stearns literally weeks before it collapsed. He is friends with most of the CEOs and big investors and he did them a favor of providing exit liquidity. Stewart asked him some reasonable questions and Cramer was very shocked.
Wiki page on it
Nom nom fallout
Also you all should see Hasan Minaj and Mr. Wonderful which he calls a type of investment influencer who can afford to take some hits but those who follow their advice get washed and it's mostly the unsuspecting retail, who look up to him.
Why you shouldn't take investment advice from TV personalities
How dipshit scamers are grifting you