After news of a plummeting stock market Monday, a CNBC host urged Americans to vote for Donald Trump for a better financial future. The comment sparked immediate outrage online.
With Monday’s losses fueling recession fears, “Mad Money” host Jim Cramer said on “Squawk on the Street”: “If you care about your paycheck, you go with Trump. That’s what you do.”
“You do?” CNBC host David Faber replied.
“Yeah, well, he wants to cut your taxes,” Cramer said.
“My taxes? No, my taxes got raised enormously, as you know, under the last Trump administration,” Faber retorted, noting he lives in a “blue state.”
Social media users quickly criticized Cramer’s comments and roasted him. Some even interpreted his message as a call to vote for Vice President Kamala Harris in November.
“If you know anything about Jim Cramer then you know that the best bet is to do the opposite of what he says,” one X account wrote.
“Haven’t we learned by now to do the opposite of what Cramer tells Cramerica?” another user said.
“Welp I’m voting Kamala now because this guy is always wrong,” another remarked.
“Unfortunately, we had bad news in the Trump campaign today. Jim Cramer endorsed Donald Trump. This might have won the election for Kamala,” another account opined.
Even one X user, who supports Trump, admitted usually ignoring Cramer’s advice: “Every American should be endorsing President Trump. Jim Cramer has gotten a lot of things wrong. But he’s finally right here.”
Another simply wrote: “DT is jinxed now, for sure.”
Cramer is no stranger to claims that he predicts the inverse. New York Magazine wrote an article last year titled: “Jim Cramer and the Art of Being Wrong.” The common wisdom online has become: “If Cramer loves it, run away. If he hates it, double down.”
He even has an exchange-traded fund named after him — the Inverse Cramer ETF, ticker symbol SJIM.