10:24 am: Cramer suggests amateur investors are being gamed by Wall Street prostricking amateur investors on platforms such as Robinhood
by piling into beaten-up but popular stocks like airlines. "It's a game. If it weren't securities, let's say it was monopoly, let's say it's Draft Kings ... it would be so much fun," Cramer said on"Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them." The "Mad Money" host referenced shares of American Airlines and Carnival Corp. as two examples.
"If people wanted these stocks, there would be plenty of supply if they would just wait until 9:30 a.m.," Cramer said later on "Squawk on the Street." "But no, they're fomenting action. Once you foment action, it brings in suckers and then maybe they'll buy the stock thinking that there's something going on.
showed U.S. consumer sentiment advanced more than anticipated this month. The index of consumer sentiment came in at 78.9. Economists polled by Dow Jones had forecast a print of 75. Richard Curtin, chief economist of Surveys of Consumers, said sentiment was "paced by gains in the outlook for personal finances and more favorable prospects for the national economy due to the reopening of the economy.
MadMoneyOnCNBC jimcramer
MadMoneyOnCNBC jimcramer Cramer hated $Tesla before 2019. Just saying..... Nothing wrong with buying $SAVE and holding.
MadMoneyOnCNBC jimcramer Is CNBC using some old (ok classic) JerrySeinfeld lines?
MadMoneyOnCNBC jimcramer Sorry Jim - Rule FD changed that game for me? Talking to CEOS may be a great thing & make investors (Stock Jockeys) feel confident, but CEOs can't tell you anymore about the future than a speculator & their disclosure has to be widely disseminated. Edge?
MadMoneyOnCNBC jimcramer TIMBER!!!!!!!!!!!!
MadMoneyOnCNBC jimcramer Andrew, don’t worry about investors who don’t know how to do their home work.
MadMoneyOnCNBC jimcramer So I guess they'd no longer need protection from their creditors huh?
MadMoneyOnCNBC jimcramer The US market is completely broke...what a shame…
MadMoneyOnCNBC jimcramer the deal is buying $NAK
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