Connect with us

Entertainment

Jim Cramer Says ‘Don’t Panic’ as Markets Take a Tumble

It’s becoming rather apparent that Jim Cramer may never have been the great and powerful Oz of the stock market, but rather the prickly little man holding the curtain for him. 

Published

on

Oh, the irony.  Oh, the sweet, unforgiving and obvious irony of it all.

Jim Cramer – one of the few men besides Sam Kinison to make a career out of screaming at you – is telling the nation not to panic on Monday, as Wall Street continues what appears to be a major correction.

Cramer cited bad earnings, fears of tightening by the Fed, and the potential for invasion of Ukraine by Russia as factors in stocks plummeting and some alarm across the board about the market.

“Look I’m not negative,” said Cramer to Carl Quintanilla on Squawk on the Street. “I’m trying to give you a positive scenario here. I’m saying when stocks are down this much, Carl, that you shouldn’t just say, ‘Holy cow, I’m getting killed,’ because you should realize you’ve been getting killed.”

“So now you have to decide what stocks are down a certain percentage from their high, that still could be worth a great deal,” he said. “And those are ones that you have to do some buying.”

The conversation continued.

“But Jim, it’s extended far beyond that part of the market to names that you know very well, that are down dramatically off their highs after a very strong year last year, many of them. But it doesn’t mean that the pain is not felt sort of broadly speaking here,” said [co host David] Faber.

“But should we just decide that it’s over? And let’s look at selling here, and then betting we can get back in?” said Cramer as Faber interjected, “That’s the question.”

“Who’s that good? Are you that good?” said Cramer. “I mean, is this something that you can do easily?”

“Can you decide, you know what? There, Spotify down seven. That this is the level to buy Spotify, 188, they’re going to report this week. Maybe won’t be that bad. I don’t know. I know that anytime you buy anything in the last half hour, you’re obliterated. And I don’t know. I would tell people, Look, if you really want to know where to buy, keep your powder dry to the last half hour. But just the last half hour has been a nightmare. We don’t know why. You know, a lot of what’s happened is that we don’t know what’s going on. We don’t know who’s selling. We don’t know.”

And Cramer’s caution was not confined to cable.  He make sure to impart his sudden wisdom to the world of social media as well.

It’s becoming rather apparent that Jim Cramer may never have been the great and powerful Oz of the stock market, but rather the prickly little man holding the curtain for him.

Entertainment

Musk Steps Back from Twitter Purchase After ‘Fake Users’ Concern

Or is Musk a better negotiator than we give him credit for?

Published

on

Free speech advocates around the world have been rejoicing in recent days, as Tesla CEO Elon Musk appeared to be on the verge of purchasing social media giant Twitter.

The site, which has grown restrictive for conservative viewpoints in recent years, was going to be “unlocked” by Musk, who firmly believed that a more open, inclusive Twitter would be a much more powerful tool than previously imagined.

But now, as his team uncovers concerns about the site’s real user number, Musk is taking a step back.

Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition.

Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, and he appeared to question whether Twitter was underreporting them.

But the company has disclosed in regulatory filings that its bot estimates might be low for at least two years, leading some analysts to believe that Musk could be raising the issue as a reason to back out of the purchase.

Musk wasn’t shy about his issue.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted Friday morning, indicating he’s skeptical that the number of inauthentic accounts is that low.

The eccentric billionaire would go on to insist that he still fully intends to purchase the site, leading some to speculate as to whether or not this might be a simple negotiating tactic.

 

Free speech advocates around the world have been rejoicing in recent days, as Tesla CEO Elon Musk appeared to be on the verge of purchasing social media giant Twitter. The site, which has grown restrictive for conservative viewpoints in recent years, was going to be “unlocked” by Musk, who firmly believed that a more open, inclusive Twitter would be a much more powerful tool than previously imagined. But now, as his team uncovers concerns about the site’s real user number, Musk is taking a step back. Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition. Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, and he appeared to question whether Twitter was underreporting them. But the company has disclosed in regulatory filings that its bot estimates might be low for at least two years, leading some analysts to believe that Musk could be raising the issue as a reason to back out of the purchase. Musk wasn’t shy about his issue. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted Friday morning, indicating he’s skeptical that the number of inauthentic accounts is that low. The eccentric billionaire would go on to insist that he still fully intends to purchase the site, leading some to speculate as to whether or not this might be a simple negotiating tactic.  

Continue Reading

Entertainment

Sony Bucks Beijing By Refusing to Censor Spiderman Movie

At least someone is refusing to capitulate to China.

Published

on

China has long been exploiting their citizenry, thanks to their commitment to the cruel tenets of authoritarian communism and their unwavering disregard for even the most basic of human rights.  This has allowed the CCP to treat Chinese citizens like cattle, working low-paying jobs to produce goods that can then flood the international market, essentially milking them for money.

In order to keep the people of China happy in this arrangement, the government has had to severely limit the sorts of ideas that can be viewed in art or books, lest their human livestock were to get some strange ideas about freedom.

In order to do this, China has leveraged their enormous consumer base against some of the west’s most powerful entertainment companies, demanding that they tamp down certain references in books, films, television, and music.

A recent attempt to manipulate one Marvel’s biggest blockbusters has not gone Beijing’s way, however.

Sony reportedly refused the Chinese government’s demand to scrub the Statue of Liberty from Spider-Man: No Way Home.

According to Puck on Sunday, citing “multiple sources,” the Chinese government requested the Statue of Liberty be digitally removed from the film, despite its inclusion in a pivotal scene. Sony rejected the request.

The Chinese government then asked if the Statue of Liberty could be, according to Puck, “minimized in the sequence: if Sony could cut a few of the more patriotic shots of [Tom] Holland standing atop the crown, or dull the lighting so that Lady Liberty’s visage wasn’t so front-and-center.” Sony considered the request, but declined.

China has demanded several changes to major movies throughout the years, including a massive adjustment to the end of Fight Club, in which the protagonists’ plot to destroy the credit banking system was removed and replaced with an epilogue stating that all of the characters involved were arrested by police…even the character that was a figment of someone’s imagination the whole time.

China has long been exploiting their citizenry, thanks to their commitment to the cruel tenets of authoritarian communism and their unwavering disregard for even the most basic of human rights.  This has allowed the CCP to treat Chinese citizens like cattle, working low-paying jobs to produce goods that can then flood the international market, essentially milking them for money. In order to keep the people of China happy in this arrangement, the government has had to severely limit the sorts of ideas that can be viewed in art or books, lest their human livestock were to get some strange ideas about freedom. In order to do this, China has leveraged their enormous consumer base against some of the west’s most powerful entertainment companies, demanding that they tamp down certain references in books, films, television, and music. A recent attempt to manipulate one Marvel’s biggest blockbusters has not gone Beijing’s way, however. Sony reportedly refused the Chinese government’s demand to scrub the Statue of Liberty from Spider-Man: No Way Home. According to Puck on Sunday, citing “multiple sources,” the Chinese government requested the Statue of Liberty be digitally removed from the film, despite its inclusion in a pivotal scene. Sony rejected the request. The Chinese government then asked if the Statue of Liberty could be, according to Puck, “minimized in the sequence: if Sony could cut a few of the more patriotic shots of [Tom] Holland standing atop the crown, or dull the lighting so that Lady Liberty’s visage wasn’t so front-and-center.” Sony considered the request, but declined. China has demanded several changes to major movies throughout the years, including a massive adjustment to the end of Fight Club, in which the protagonists’ plot to destroy the credit banking system was removed and replaced with an epilogue stating that all of the characters involved were arrested…

Continue Reading

Latest Articles

Best of the Week