Cramer: Stocks are Doomed, Buy Wine Instead
Many professionals on the Street follow Jim Cramer. But not his recommendations; they fade those, and trade 'em the other way. And for those people, a buy signal has been issued:
Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish.
Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it's his goal to help them find it.But this time is different; it's doom itself, Cramer recently wrote in New York magazine. "In 25 years on Wall Street, I have never seen things this bad."
His investment advice is always very specific, and he is also clear about what he sees over the short term."Sell everything. Nothing's working", he writes MoneyNews
Of course, fading Cramer is not a foolproof strategy. But for the oenophiles on the Street, whose day jobs include flipping stocks and bonds around, Cramer's advice on the wine market might give them pause.
Personally I am buying a few stocks in spite of Cramer's advice, but I have some wine for sale, now that he is collecting. If anyone is looking for a deal on 1994 Bryant Family Cabernet, drop me a line. Although I might want to wait and sell it into strength, assuming he pumps it in this edition of WineLibrary TV, where he digs into a bottle of Chateau Latour with Gary, among other goodies:
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Of course, Cramer and his crew get it right plenty. I give Altucher’s ideas more weight around here than Jimbo’s…
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Cramer: Stocks are Doomed, Sell Now
Money News
Investing In Wine With Jim Cramer Of Mad Money And Your Host Gary Vaynerchuk - Episode #499
Wine Library TV
Of course, Cramer likes stocks too. He just writes about it at a different place, and has both bases covered.
July 9th
Jim Cramer: If I Were You, I’d Buy Stocks Now
Mainstreet.com
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The content contained in this blog represents the opinions of underthecounter. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. Long 1994 Bryant Family Cabernet
