Anti-Jim Cramer ETF Will Bet Against Stocks Endorsed by CNBC Mad Money Host | Hacker News Reader

Anti-Jim Cramer ETF Will Bet Against Stocks Endorsed by CNBC Mad Money Host

bloomberg.com

91 pointsairstrike22 comments

Sure you've had someone disagree with you. But have you ever had someone disagree with you so much they create a new financial instrument to inverse your opinions?

If I was Cramer I'd be flattered in a way.

I've made a considerable amount of money inversing HN stock opinions.:)

They're not frequent enough to make an ETF from it. Get to work folks.

Honestly, dude, you have made a killing not just defying the narrative that BTC is a scam/ponzi around here, but you've improved the protocol while proving them all wrong. YC backed Coinbase and these people cheered them on as the 'legit' exchange, all while they continue to get more lawsuits and their stock price plummets and BTC stabilizes to 2017 ATH.

With that said, after nearly a decade as both a lurker and a member of HN I've come to realize that it's perhaps the worst place to get a real pulse on disruptive tech; they covet the idea of working as FAANG foot-soldiers and have become complacent and comfortable, why should these people ever be taken serious?

Also worth noting, that WSB has been beating the market with the inverse cramer meme for some time so it was only a matter of time until this got traction.

PS: What are you up to these days?

That's interesting because on the contrary, I've done very well with HN-sentiment on Cloudflare, Datadog, AMD, Nvidia, even crypto because the opinion didn't mostly sour until 2021.

What happens when he recommends buying this ETF?

Buy puts on the ETF.

Infinite money cheat code IRL

I'd absolutely buy that.

But I'd go all-in on an index that follows the investments of people in Congress.

The one that tracks the democrats is called NANC. The one that tracks the republicans is called CRUZ. They are not available yet but they're in the pipeline.

They have these on Quantbase already

Some members of Congress wait weeks after trading before disclosing.

Not too useful considering the reporting can be delayed by a number of weeks/months.

This really should be amended. I can't think of a good reason why that information shouldn't be available real time, same day is a compromise.

Even real-time isn't good enough. They should have to pre-announce all of their transactions like corporate insiders have to.

Bump

No kidding. Brilliant idea.

There is also a long Cramer ETF.

Inverse Cramer ETF $SJIM

Long Cramer ETF $LJIM

Eff Dec 19 https://cointelegraph.com/news/it-s-happened-someone-s-filed...

Wasn’t there a paper showing that if you buy his picks and hold them short term you make money in the long run? ie: his picks have a short term positive impact on the price.

EDIT: I think this is the one: https://rady.ucsd.edu/faculty/directory/engelberg/pub/portfo...

There is a running joke for those who do not know, That do opposite what Cramer tells you to do.

If he says buy a particular share, do not buy it as it will tank. If he says sell a particular share as the share price will tank since the company does not look in good condition; then the opposite will happen and the share price will skyrocket.

https://archive.ph/WL6hD

Will it be called "Cheerful Money" instead of "Mad Money"?

I think "Sane Money"

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