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Jim Cramer Flip-Flops Back To Bullish Following 100 Point S&P Surge

Tyler Durden's picture




 

It was only a matter of time.

One day after Dennis Gartman tore up his call for an imminent bear market, one where "all rallies are to be sold", the man who infamously declared Bear Stearns is fine, Jim Cramer, has flip-flopped on his all too recent bearishness, and now, with the S&P over 100 points from its Friday lows, has decided he too needs to chase the market momentum, and once again turned bullish, his third major flip in just the past three weeks.

From CNBC:

It was only a few weeks ago that it seemed impossible to Jim Cramer for this market to stage a miraculous turnaround. The Fed, oil, China and Volkswagen all seemed like a dark clouds over stocks.

 

"Suddenly, good news is busting out all over, and we can't not talk about them. I have been bearish for a while now, but if the facts change, I have to change with them," the "Mad Money" host said.

 

Monday brought a plethora of good news, and the Dow (Dow Jones Global Indexes: .DJI) jumped triple digits in response. Stocks rallied when it appeared that the Federal Reserve was actually on hold for the rest of the year, oil bounced back and things started getting better in China. Additionally, the issues plaguing Volkswagen seemed contained, which allowed other auto companies to benefit.

 

Just a few weeks ago, it seemed completely ridiculous to suggest that these issues could be contained, yet, that is exactly what happened.

So putting Cramer's three most recent flip-flops in context, here they are courtesy of Northman Trader:

 

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Tue, 10/06/2015 - 09:33 | 6635029 aliki
aliki's picture

cramer is the new gartman?

Tue, 10/06/2015 - 09:35 | 6635037 Took Red Pill
Took Red Pill's picture

why do we even give this man the time of day?

Tue, 10/06/2015 - 09:37 | 6635056 TeamDepends
TeamDepends's picture

Silver about to crack $16! Get it while you can, folks!

Tue, 10/06/2015 - 09:38 | 6635062 astoriajoe
astoriajoe's picture

Can we start a pool on when the next -$0.50 slam will be? 

Tue, 10/06/2015 - 09:40 | 6635079 JRobby
JRobby's picture

Earnings are no longer a fundemental. Why would it be in a market with no price discovery based on made up macro and micro stats.??

Tue, 10/06/2015 - 09:49 | 6635132 El Oregonian
El Oregonian's picture

Cramer is bare-ish, not bearish. Bare-ish as in you can see his unabashed naked love of the Feds...

Tue, 10/06/2015 - 10:00 | 6635183 kliguy38
kliguy38's picture

watta fochin' moron shill

Tue, 10/06/2015 - 10:07 | 6635224 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

I predict that Detroit will lose to Seattle last night. 

Damn, I'm good...

Tue, 10/06/2015 - 10:35 | 6635319 philipat
philipat's picture

So Cramer is now the new Gartman? Of course, both are only for entertainment value?

Tue, 10/06/2015 - 10:38 | 6635332 CheapBastard
CheapBastard's picture

Some analyst on NPR this morning will never be invited back again. She said the stawk market jump is fake and not to be fooled---stay away. Grote non-existent. She emphasized how poorly the numbers are and with the strong dolla our economy will only get worse or move sideways at best.

 

I am surprised NPR didn't fast segway out of her, cut her off and move onto their fund raising blitz or some pro-O'Bama story or hug-a-tree story.

 

The analyst will be lucky if she has a job when she gets back to her office. Trute is very dangerous in America these dayz.

Tue, 10/06/2015 - 11:05 | 6635444 Money Counterfeiter
Money Counterfeiter's picture

Zionist must be waking up to their demise.

Tue, 10/06/2015 - 11:38 | 6635597 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

NPR will Juan Williams her (you're FIRED!!!) for being truthful.

Must... spew... gubmint... line...

Tue, 10/06/2015 - 12:07 | 6635757 Handful of Dust
Handful of Dust's picture

I heard they burn her as a witch.

Tue, 10/06/2015 - 10:45 | 6635364 Fukushima Fricassee
Fukushima Fricassee's picture

I predict Yellen will die of a stroke before the end of 1st Q 2016. I predict J Cramer will shit his own pants and cry like a baby when they come for him.

Tue, 10/06/2015 - 10:10 | 6635234 Bastiat
Bastiat's picture

 

Cramer: sorry about my bear call:  I picked a bad week to stop sniffing glue.

Tue, 10/06/2015 - 09:50 | 6635140 Money Counterfeiter
Money Counterfeiter's picture

Does anyone know if he is really this stupid?

Tue, 10/06/2015 - 11:44 | 6635627 HopefulCynical
HopefulCynical's picture

He's a former Vampire Squid. Personally, I think he's simply an Undercover Squid now. He herds the sheep into the waiting tentacles. Look out folks! That beak is sharp!

Tue, 10/06/2015 - 10:02 | 6635143 two hoots
two hoots's picture

 

Cramer makes me think?  Are we falsely tying the markets to the economy?  What if US equities market could (fed support) stay afloat as the US consumer economy falters?  A sacrifice the Fed is willing to support?

 

The mandates, inflation/jobs, are consumer based and it seems the Fed will act out of sync for some other greater good?

 

Without a consumer based economy, what good is there in feeding, housing, providing healthcare, etc, as we have machines and near thinking software?

 

Just musing,

    

Tue, 10/06/2015 - 11:52 | 6635674 Moe Hamhead
Moe Hamhead's picture

Cramer makes you think !

That's a scarey thought!

Tue, 10/06/2015 - 09:39 | 6635071 Bernoulli
Bernoulli's picture

Wake me up when it's above $100

Tue, 10/06/2015 - 10:01 | 6635193 kliguy38
kliguy38's picture

I'll sell a lil' of my stash at that time to buy Manhattan.......

Tue, 10/06/2015 - 10:08 | 6635229 Bernoulli
Bernoulli's picture

At that time, I'll probably not reveal that I own silver at all...

Tue, 10/06/2015 - 10:11 | 6635243 Bastiat
Bastiat's picture

Why?

Tue, 10/06/2015 - 11:46 | 6635639 r3ct1f13r
Tue, 10/06/2015 - 09:41 | 6635088 surf0766
surf0766's picture

He should be in jail for his role in hel;ing to talk down the market in 2008.

Tue, 10/06/2015 - 12:32 | 6635853 reinhardt
reinhardt's picture

https://vimeo.com/51494143

r

;-)

17 minutes into it

Tue, 10/06/2015 - 12:35 | 6635868 reinhardt
reinhardt's picture

https://vimeo.com/51494143

r

;-)

17 minutes into it

Tue, 10/06/2015 - 10:17 | 6635262 RiverDrifter
RiverDrifter's picture

That's what I'd like to know....I treat and think of this fool like I do the Kardashians.  When I see him, I turn the channel.  When I hear him, I leave the room or put ear buds in so I don't have to hear him.  I see an ad on a website with his face or news article quoting him, I close the tab.  I filter him out of my entire life as much as possible because he's a proven dumbass at best, a misinformation peddling pressitute at worst.  

I personally think he doesn't know anything more than the average person who even marginally pays attention to what is going on in the world and the (fake) markets.  He's a guesser.  A dart board investor and Idiot-In-Chief of the worst financial "news" networks on TV.  

Yet he's on ZH daily...hourly sometimes...as if he's the enemy.  And he is to an extent, i get it.  But to give him as much coverage, to make him out to be the guy we have to prove wrong or expose as the fraud he is...he's already done that so many times over, he's literally a caricature.  Hell, Jon Stewart exposed his ass to the world a few years ago so any semblence of respect for what he does and the info/advice he gives was dead and buried years ago.  

Ignore this clown...it's always been and always will be the best way to deal with trolls.  The more we click on articles meant to expose him, the more ratings he gets and thus, more job security so we'll be further subjected to his idiocy.  Leave him to wither on the vine, ignore him, don't watch him even to see how utterly clueless he is...it's what keeps him on the air.  

Please, I beg you Tylers...no more Cramer, please let this last bastion of good financial news source be a Cramer Free Zone.  

Tue, 10/06/2015 - 09:35 | 6635049 stant
stant's picture

No just a new member of south park

Tue, 10/06/2015 - 09:52 | 6635148 remain calm
remain calm's picture

Cramer is Gartman's illegimate child

Tue, 10/06/2015 - 11:16 | 6635474 maxamus
maxamus's picture

He's the original Gartman, go against him for the past decade and you would make money.

Tue, 10/06/2015 - 12:16 | 6635783 Chart Street
Chart Street's picture

Remind me why anyone cares about this hack?

Tue, 10/06/2015 - 09:36 | 6635051 Fish Gone Bad
Fish Gone Bad's picture

Cramer is such a tool.

Tue, 10/06/2015 - 09:43 | 6635097 Usurious
Usurious's picture

 

 

a true PARASITE

Tue, 10/06/2015 - 09:50 | 6635141 negative rates
negative rates's picture

Well there are all kinds o tools, for all kinds o fools.

Tue, 10/06/2015 - 09:36 | 6635053 Bernoulli
Bernoulli's picture

"Contained" my ass.

Tue, 10/06/2015 - 09:39 | 6635065 cowdiddly
cowdiddly's picture

Cramer and Gartman flip flop more than a skillet full of flap jacks.

All they do is wake up, look at the futures for the morning and declare a new bull market.

And that is what passes for market analysys these days.

 

Tue, 10/06/2015 - 10:03 | 6635205 NoVa
NoVa's picture

where is the chart that overlays Gartman calls with Cramer?

I'd pay some $ for that!

Tue, 10/06/2015 - 09:38 | 6635069 aliki
aliki's picture

JMO but cramer is wreckless in his approach. he's been touting the housing market for years & that people load-up on HD, LOW as people put more shit in houses they shouldn't be in.

barry sternlicht from starwood was on this morning. i happen to like this guy alot, tells it like it is. he basically said that if interest rates were to go-up 200-300 basis points that anyone whose purchased real estate the last 7 years could very well have the overwhelming (if not all) the equity completely whiped-out. unfortunately, i happen to agree with him & for that reason, i personally refuse to buy a house (sold mine 6 months ago).

my point being here there is a LARGE moral hazard cramer has embarked on. recommending a stock that goes bad is 1 thing; typically the ones he talks about u can get out of (even if its at a nasty loss). with regards to housing, the asset is completely illiquid ESPECIALLY if credit tightens. people can become trapped and quick. not sure CNBC realizes their downside risk (credibility-wise, not that they have any in my eyes) but with what viewers they do have left. anyone whose taken his advice is gonna be f'd bigtime on ANY uptick in rates (if that were to happen).

Tue, 10/06/2015 - 09:44 | 6635085 cowdiddly
cowdiddly's picture

His approach. Whats that? A rolled up 100 dollar bill, a line on a mirror and a chart? Nothing more than a spaced out cokehead idiot and it shows BAD.

Tue, 10/06/2015 - 09:52 | 6635146 negative rates
negative rates's picture

It could be worse, he might be a naked short kind o guy.

Tue, 10/06/2015 - 09:53 | 6635157 cowdiddly
cowdiddly's picture

https://www.youtube.com/watch?v=EklCI7D7Rns

Poor news lady having to deal with this spazed out junkie.

Tue, 10/06/2015 - 10:04 | 6635208 kliguy38
kliguy38's picture

His "Approach" and their "risk"???? R U kidding me......they know EXACTLY what they're doing and you are trying to give them more credit than they are do. These are Carnival barkers.....SIMPLY put they are SHILLS...........keep it simple

Tue, 10/06/2015 - 09:48 | 6635129 Bernoulli
Bernoulli's picture

"If interest rates were to go up 200-300 basis points", there will be a bit more to worry about than some real estate owners that bought their house because Cramer on CNBC said so....

 

Tue, 10/06/2015 - 09:40 | 6635077 Epimetheus
Epimetheus's picture
One can fool some men, or fool all men in some places and times, but one cannot fool all men in all places and ages.


Cramer is such a dangerous agent of misinformation.

Buying high priced overvalued stocks in a weak economic market........... IS A TICKET TO LOSING MONEY.

Tue, 10/06/2015 - 09:41 | 6635078 Mark Mywords
Mark Mywords's picture

I don't give a fuck what this simple shit does or says.

He should be in jail. It's like watching football when all you see are a bunch of rapists and dog killers on your screen.

Fuck 'em all. Ignore the bastards. That's the worst thing in the world that can happen to them.

Tue, 10/06/2015 - 09:40 | 6635080 Sutton
Sutton's picture

What is Ron Insana's imaginary position in his imaginary  fund?

Tue, 10/06/2015 - 09:41 | 6635087 spastic_colon
spastic_colon's picture

i'm beginning to think that ZH has employees at cnbc and goldman (or actually ARE either or both)..............its sometimes uncanny that their story lines are the same.

Tue, 10/06/2015 - 09:43 | 6635095 NoWayJose
NoWayJose's picture

Cramer is doing his job well - transferring money from his listeners to his fat cat buddies!

Tue, 10/06/2015 - 09:46 | 6635115 Kina
Kina's picture

cramer is a noisy moron.

anybody trying to predict a market that doesn't exist on market principals is a fucking idiot.

 

US economy is rotten tooth, it stinks, but just wait for the pain.

Tue, 10/06/2015 - 09:48 | 6635125 Jethro
Jethro's picture

Why did crude ramp this morning?

Tue, 10/06/2015 - 09:52 | 6635149 Bernoulli
Bernoulli's picture

Because everything is awesome again?

Tue, 10/06/2015 - 10:00 | 6635190 Serfs Up
Serfs Up's picture

I guess that's why everything is ramping...stocks, bonds, oil...everything is awesome.

Or...it's those fkn parasites known as big banks, hedge funds and HFT frauds that are driving everything up on the back of Fed money and wishes.

When the time comes, they should not expect any mercy.

/My time.  It is coming.

Tue, 10/06/2015 - 09:48 | 6635127 lester1
lester1's picture

CNBC needs to fire Jim Cramer and hire Peter Schiff. That network needs a dose of economic sanity.

Tue, 10/06/2015 - 10:22 | 6635275 redd_green
redd_green's picture

Schiff's as  good as Cramer at telling what we knew 3 years ago.

Tue, 10/06/2015 - 09:50 | 6635136 Ouagadoudou
Ouagadoudou's picture

The guy is a fucking Oracle ! 

Tue, 10/06/2015 - 09:50 | 6635139 NDXTrader
NDXTrader's picture

These guys are in for a rude awakening when the BOJ does nothing tonight and the USD/JPY plunges. We are in a classic 2nd wave up after the initial decline. Tomorrow starts Wave 3 down

Tue, 10/06/2015 - 10:03 | 6635201 VW Nerd
VW Nerd's picture

I'm trying to recall the good news he is referring to.  BOT?  Didn't sound so good to me.....

Tue, 10/06/2015 - 10:06 | 6635221 NRGTDR
NRGTDR's picture

no worries-cramer is the Joker in Putins financial terrorist card deck.

Tue, 10/06/2015 - 10:12 | 6635228 Archetype
Archetype's picture

If you have been around for the last five years or so, right now you know, KNOW that there is only one "strategy" thats working for you when the "market" behaves like this:

 

BTFD!!!

 

Every year after Jackson Hole symposium and the following rate decision there is a plunge in the market. And every fucking time it suddenly stops and the market reverses on BAD NEWS. The big guys has been informed thats what has happened,just follow suit. And whatever you do, DON'T SELL SHORT, JUST DON'T!

Tue, 10/06/2015 - 10:10 | 6635241 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

This is a prime example of so called msm experts. Stating the obvious. "Oh look it's going up!" "Oh no, it's going down!". What brilliant analysis.

Tue, 10/06/2015 - 10:13 | 6635249 Government need...
Government needs you to pay taxes's picture

Dude's counterparty-trolling.  Needs more liquidity for his agent's prop trades.

Tue, 10/06/2015 - 10:21 | 6635272 redd_green
redd_green's picture

Good old Jim.  Telling is what we already know for years and year.  Good guy.

Tue, 10/06/2015 - 10:23 | 6635285 general ambivalent
general ambivalent's picture

Someone here predicted a rigging scandal in the fantasy sports leagues a few weeks ago, and guess what:

http://www.techinsider.io/fantasy-football-scandal-2015-10

Tue, 10/06/2015 - 10:49 | 6635390 Brokenarrow
Brokenarrow's picture

the hamptons rumor is that his wife dumped him because his pecker is about 2". the new wife probably dont care. she looks like a muff diver.

Tue, 10/06/2015 - 11:08 | 6635453 cheech_wizard
cheech_wizard's picture

Speaking of oddball predictions:

"We see a better chance of landing men on Mars before a full normalization of nominal and real interest rates, especially 10-year yields, to historical norms," wrote Deutsche Bank equity strategist David Bianco.

Standard Disclaimer: Probably the only "prediction" I've seen that might have some validity... 

Tue, 10/06/2015 - 12:05 | 6635748 reinhardt
reinhardt's picture

cramer's 2008 call would be the crash i called to the day;-)

https://enronnext101.wordpress.com/

r

Tue, 10/06/2015 - 12:15 | 6635780 reinhardt
reinhardt's picture

17:50 into the video:

https://vimeo.com/51494143

r

Tue, 10/06/2015 - 12:26 | 6635824 Insurrexion
Insurrexion's picture

Droogs,

It is time for the MSM Jihad.

Buy one Bazooka.

Load, said Bazooka.

Aim said Bazooka at your television, making sure no one is in the room behind it.

Affix eye protection and ear protection.

Turn on Hannity, Maddow, Mad Money, MSNBC Squakbox, or any CCN Fuck and turn the volume up, full blast.

Fire said Bazooka.

Drop said Bazooka and then quickly leave the premises.

We will arrange for your safe departure to an obsure Sicilian resort.

 

"MSM Jihad", begins with a single, important step.

We need you baby.

 

With the love of God's wishes,

Praise Allah (and just fucking do it)

 

Said Fuq Em Al

The Grand Muffi of Media Jihad

Tue, 10/06/2015 - 13:26 | 6636036 GoBadgers
GoBadgers's picture

"....good news is busting out all over"

 

So MCD offering breakfast all day is = good news busting all over?

Tue, 10/06/2015 - 14:35 | 6636308 Jack Daniels Esq
Jack Daniels Esq's picture

Mad Money, Daft Cunt, Dumb Black Muslim - Morons

Tue, 10/06/2015 - 16:59 | 6636995 highwaytoserfdom
highwaytoserfdom's picture

 

Cramer on Apple Cook Regulation SEC FD on Cook  and now Peltz GE  buy while burying the GE 90 aircraft engine and more importantly GE selling Plastics to to the Saudis (HOW ABOUT THE 28 PAGES ON 911)    Now GE stock just had it's best two days in years on Propaganda on Peltz  who drove the price of DuPont down (yea plastic competitors)  what 40%...  

I don't know what the comcast/NBC stock terms were but this is criminal to all notions of capital markets..   Now the US is blessed  with huge Natural Gas  feed stocks for plastics... but this is criminal behavior...  Just like BP with SCOTUS on deep water and public land drilling rights in Alaska...     if you care drop a note.. 

http://www.sec.gov/complaint/select.shtml

 

The NTSB said the problem originated in a portion of the high-pressure compressor, the section that squeezes the air flowing through the engine core before it is mixed with fuel and combusted.

 

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