We're doomed, aren't we?
PACK IT UP, LADS 😭
CNBC's Jim Cramer advised investors not to leave the market entirely because of the massive sell-off. He said to remember there is always a bottom and stocks can recover. Cramer then recalled late CNBC anchor Mark Haines, who correctly called a market bottom on this date back in 2009 during the financial crisis.
'So, in honor of the Haines bottom, remember, even when it's terrible out there, and it is terrible, stocks do bottom, and you have to do a little buying,' he said. 'The lack of clairvoyance of Haines, well, I plead guilty to that. But we know that you have to do some buying because, well, it's been right since 1979. So I have to ask you something, are you willing to bet that this time it's wrong?'
Jim, I want to believe ... but then I remember that someone set up a trading portfolio that does the exact opposite of what you advise and it almost beat out insider-trader Nancy Pelosi.
THE COMMENTS:
Lord, help us in this hour of tribulation. 😭
P.S. Now check out our latest video 👇
