The Jew financial scammer Jim Cramer was on television telling people that Credit Suisse is going to do quite well and that it is a great franchise. He’s saying this as the stock is plunging and there’s increasing chatter of the firm collapsing.
Jim Cramer: "Whoever gets Credit Suisse, $CS, is going to do quite well… that is some great franchise." pic.twitter.com/8ANXWCng5K
— unusual_whales (@unusual_whales) October 3, 2022
It’s worth noting that Cramer infamously told people back in 2008 that Bear Stearns was fine and that investors shouldn’t take their money out. As we know, the firm went bankrupt a week after Cramer said this.
On March 11, 2008, Jim Cramer said to his viewers: “Bear Stearns is fine. Do not take your money out."
A week later, it was bankrupt. https://t.co/pS6oamw5Qo
— unusual_whales (@unusual_whales) October 4, 2022
Cramer’s statement about Credit Suisse makes me believe that the firm is in trouble. Cramer is one of the best contrary indicators anywhere because he lies about everything and is always wrong.
The stock was destroyed yesterday.
Credit Suisse is one of 30 systemically important banks. Its stock was slammed on Monday, as credit-default swaps widened. https://t.co/R857C1nW3e
— MarketWatch (@MarketWatch) October 3, 2022
We’ll just have to see what happens, but it doesn’t look good. Historically speaking, we’ve seen major financial crashes take place in October, so that’s also something to take into consideration.
