A swath of big name hedge fund managers have been skeptical of the stock market's swift bounce back from its March low, arguing equity levels aren't pricing in the horrible economic data yet to come and the uphill battle of developing a cure for Covid-19."The big hedge fund guys who told us that this was going to be the highest and worst and most dangerous since 1999, well they made an ill-advised prediction.
Stocks are soaring on Friday on news the U.S. added 2.5 million jobs in May, the biggest increase on record, demonstrating the economy has already started to recover from the coronavirus crisis. The unemployment rate declined to 13.3% according to data from the Labor Department that was far better than economists had been expecting.
MadMoneyOnCNBC jimcramer True unemployment is half if that. Wait til all the free money runs out July 31...many people sitting on their ass getting a free $600
MadMoneyOnCNBC jimcramer Yeah like that shit-stain Ackerman, as he was secretly buying.
MadMoneyOnCNBC jimcramer Oh, so you’re saying it’s over? That would be an ill-advised prediction. If you haven’t learned that Trump will always make it worse, you haven t been paying attention.
MadMoneyOnCNBC jimcramer Wow Cramer, you are really out of touch. The numbers weren’t a blowout & frankly I think they are being manipulated by the corrupt administration. The average American is in a world of hurt & you are supporting a false rosy economic outlook.
MadMoneyOnCNBC jimcramer clown you too, you bought with every lie you told people using false means
MadMoneyOnCNBC jimcramer Cramer is like Clinton, he believes everything he says wholeheartedly up to the moment he’s caught. Review all his comments about Beyond M for example. Fine!, but why does not one single CNBC reporter have the courage to at least disagree with him!? Quintanilla, Faber?
MadMoneyOnCNBC jimcramer Yes, trillions in added debt has saved us. Trump imitates Obama's massive debt spending to flatter him. Billionaires got billions while citizens got a nice fat $1200 check. Seems fair to them.
MadMoneyOnCNBC jimcramer Ohh so the pandemic is over? I see since when does WS ever reflect the true details of the economy. So those poor people out of work and nothing to eat are vested in the market. GtFOH this in just the beginning do you think it's business as usual.
MadMoneyOnCNBC jimcramer Print, print, print and worry about it later! Why don’t you guys deal with the truth!! This has nothing to do with the economy, it’s about the country bailing out everything, every time something happens. Sad sad state of affairs
MadMoneyOnCNBC jimcramer Sorry- is this over? The last I checked we had 13.5% unemployment, 110,000 people dead and 2million infected, a country in turmoil due to racism issues and a president who is gassing the public and calling them terrorists. Oh and BTW no vaccine. Check back in 1 year Moron.
MadMoneyOnCNBC jimcramer What a surprise, not.
MadMoneyOnCNBC jimcramer I’ve always been told to: When they say that’s the bottom, careful it’s not.
MadMoneyOnCNBC jimcramer So market got it right but last months rally was forward looking so that explains today’s rally on getting it right. Blowhards that just look out for themselves.
MadMoneyOnCNBC jimcramer Read the report
A BIG LIE .
Wow, completed misread that at first.
Fudged jobs numbers. Should see a bid downward revision next month.
What’s happened to Cramer? He used to be smart. Maybe too much “look at me, I’m on TV” personal gratification.
Don't misinterpret this, I'm happy people are back at work, but PPP loans are use it or lose it type of grants/loans. Ventured out to eat last night, more employees than customers. My own restaurant, quiet. It's about customers, not employees.
Jim puts the 'Mad' in Mad Money.
Lmao, this fucking clown is still at it. Did we suddently forget the 35MM+ folks that are unemployed?
so who buying the dip? Why?
In translation Let’s sucker in more dumb money before the plug is pulled
Oops, big hedge fund guys (quantum), better luck next time or in another life
Fudging numbers. The public isn't fooled by your statistical lie.
Cramer has been wrong while the market is back towards all time high. I will sell all my stocks as soon as Cramer becomes bullish.
Ok, and how many times Cramer was wrong?
Report is lying election propaganda.
Pull my finger
Can someone help me reconcile this number with the continuing claims numbers? There seems to be a disconnect.
PPP loans required businesses to bring back employees REGARDLESS of revenue. Consumer demand is still obsolete and a better gauge of the economy. Be safe, more layoffs coming once funds run out.
These numbers aren’t real, economists can’t miss by this much, Trump and Ross are now reporting fake numbers. They just don’t add up. We have a real crisis here in America on all fronts
FakeTrumpNewsHeadlines FakeNews TrumpDeathToll100K TrumpDictatorship
Gonna have to make some serious changes to future gdp estimates too
Warren Buffet and other bet against America. The regular people bet the America would prevail
40M out of work, many probably stopped looking. Companies will go bankrupt and cut even more jobs through the summer. This is NOTHING to celebrate.
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