There is actually precedent for this. According to the Financial Times, an inverse ARK ETH — which bets against Cathie Wood's investment vehicle — is up 56% 💸
Multiple studies that have scrutinized Cramer's past recommendations have argued that he tends to be more accurate with buy ratings — and that, in part, might be because of the added publicity he gives these assets. In 2009, researchers concluded:
"While Cramer may be entertaining and mesmerizing to many of his viewers, his aggregate or average stock recommendations are neither extraordinarily good nor unusually bad."On Twitter, Jim Cramer's message for those behind the ETF was simple: Bring it on. He wrote: "As always I welcome people betting against me. I have done this for 42 years. Those who know me know that you would have been betting against Apple at $5, Google since inception, Meta at $18, Amazon at $10, Nvidia at $25, and AMD at $5. I welcome all comers.""I bought a farm with my Bitcoin winnings, all announced, and I bought a boat with Ethereum. All announced. Everything disclosed. I WANT you to bet against me. You do not do this for 42 years and lose money every year.
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