Jim Cramer: The Game Isn't Rigged, There's No Vast Conspiracy

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Jim Cramer: The Game Isn't Rigged, There's No Vast Conspiracy

real money2021-03-30

See, it was rigged all along. If that's your attitude after watching stocks of ViacomCBS (VIAC) , Discovery (DISCA) , Tencent (TME) and Baidu (BIDU) get crushed, some before the market even opens, it ...

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Sumei
·2021-03-30
The retail investors are always powerless against the big hedge funds as we really do not have any power to move the markets. In the case of Archegos Capital, all it took was for the banks to unload big blocks of shares which brought the stock prices crashing down.
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Rasesh
·2021-03-30
Riggeddddd
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Retxed183
·2021-03-30
Missssion
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Jellywonka
·2021-03-30
Like and comment
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Andaroo
·2021-03-30
AMC to the moon.Jim Cramer talks nonsense
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lukecyb
·2021-03-30
Rigggged
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MightyPooP
·2021-03-30
That's what they all want u to think. There's always secrets they don't want the public to know.
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- Azac:
  Indeed
  2021-03-30
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- Horentine:
  lmao the GME saga already proved that the market is rigged and the SEC is sleeping on the wheel
  2021-03-30
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If that's your attitude after watching stocks of ViacomCBS (VIAC) , Discovery (DISCA) , Tencent (TME) and Baidu (BIDU) get crushed, some before the market even opens, it ...</p>\n\n<a href=\"https://realmoney.thestreet.com/jim-cramer/jim-cramer-the-game-isn-t-rigged-there-s-no-vast-conspiracy-15607797?puc=yahoo&cm_ven=YAHOO\">Source Link</a>\n\n</div>\n","source":"lsy1611201145385","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jim Cramer: The Game Isn't Rigged, There's No Vast Conspiracy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJim Cramer: The Game Isn't Rigged, There's No Vast Conspiracy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 16:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://realmoney.thestreet.com/jim-cramer/jim-cramer-the-game-isn-t-rigged-there-s-no-vast-conspiracy-15607797?puc=yahoo&cm_ven=YAHOO><strong>real money</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>See, it was rigged all along. If that's your attitude after watching stocks of ViacomCBS (VIAC) , Discovery (DISCA) , Tencent (TME) and Baidu (BIDU) get crushed, some before the market even opens, it ...</p>\n\n<a href=\"https://realmoney.thestreet.com/jim-cramer/jim-cramer-the-game-isn-t-rigged-there-s-no-vast-conspiracy-15607797?puc=yahoo&cm_ven=YAHOO\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://realmoney.thestreet.com/jim-cramer/jim-cramer-the-game-isn-t-rigged-there-s-no-vast-conspiracy-15607797?puc=yahoo&cm_ven=YAHOO","article_id":"1132997728","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/ef60022b37415d7228406e308a8ba3c1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132997728","pubTimestamp":1617092906,"sourceInfo":{"source_id":"lsy1611201145385","name":"Real Money"},"weMediaInfo":null,"summary":"See, it was rigged all along. If that's your attitude after watching stocks of ViacomCBS (VIAC) , Di","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"吉姆·克莱默：这场比赛没有被操纵，没有巨大的阴谋","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"See, it was rigged all along. If that's your attitude after watching stocks of ViacomCBS (VIAC) , Discovery (DISCA) , Tencent (TME) and Baidu (BIDU) get crushed, some before the market even opens, it is totally understandable. It's pretty difficult to imagine that there could be one firm, some outfit called Archegos, that you most likely never heard of, that could bring down all of these stocks and more with a margin call. That's right, one hedge fund was allowed to borrow so much money from so many different firms that, apparently, when one of its position broke badly, the stock of ViacomCBS, many of its big positions came tumbling down.\nThat sure does seem rigged as does the fallout to the firms that allowed Archegos to borrow money. After all what bank would let one hedge fund borrow so much money that it couldn't pay back its margin loans, let alone a whole bunch of big banks that sold the collateral quickly to limit the hurt to their own bottom lines.\nIn reality it's not rigged although the banks and the hedge fund obviously had a problem with risk controls. It's likely, also, that each independent bank didn't know the extent of the losses Archegos may have had so they had to act quickly to try to salvage whatever they could before the losses deepened even more. Witness today's further debacle with ViacomCBS.\nBut let's go back to that first assumption, that it was rigged \"all along.\" What happened with Archegos is, in many ways, a microcosm of what happened to many growth stocks that were incredibly expensive at the highs. A lot of them were owned by younger investors who borrowed money to play the hot stocks, stocks like Unity U and DoorDash (DASH) and Twilio (TWLO) or Zoom (ZM) , stocks of great companies that got crushed by the rotation of larger Wall Street funds, that took their profits and went elsewhere. Many people had come to believe that the younger investors were having such a big impact on the market that they could move stocks. It looks like they did, but perhaps with borrowed money, like Archegos, or even with risky options, call positions that were wiped out by the sudden decline in prices.\nOf course, I would be remiss if I didn't mention that the stock of GameStop (GME) is pretty much the mirror image of Archegos. How did the stock of the so-so video game accoutrement retailer get to $400? When a hedge fund that had been betting that GameStop would fall couldn't put up enough collateral so the brokerage firms brought the hedge fund in, basically closing out its position for the hedge fund, and perhaps others, who had been betting against the stock.\nOnce they were out of the picture GameStop suffered its swift fall from unsustainable heights. There are still plenty of people who think that GameStop's stock belongs in the $400s, just like there are people who believe the great growth stocks that traded at unsustainable heights should return someday to those levels.\nBut that might not happen for years and years or at all.\nHere's why this all matters. If you think the game is rigged you are most likely going to put your statements in a drawer and just say \"the heck with it, I will look at it when these stocks come back.\"\nThat's a loser's point of view, though. It's the one that many younger investors adopted in 2000 and 2001. Fortunately, a lot of these companies are much better than those back then, although the plethora of SPACs are beginning to challenge that assumption.\nI don't want you to do that. I want you to stay focused, look for opportunity, understand that the business isn't rigged, it just, at many times lacks effective self-policing or policing by the government.\nBut I think this Archegos event will hasten what I most feared inthe five stages of grief, the last one, acceptance. Lots of young people are accepting their lot and leaving. That's never good. You must always pay attention to your positions. Positions forgotten are positions that rarely come back.\nI can't change your mind about the rigging as an explanation for the paper losses you may have experience. If I couldn't do it back then -- and I failed -- I will fail now. I just urge you to keep a level head and understand the Great Reopening busted so many pure growth stocks, and recognize it wasn't some vast conspiracy against you. It was just a reminder of how hard it really is to make money and how vital it is to listen when I say take something off the table. I wasn't trying to hurt you. I was just trying to warn you. And I sense that I failed in doing so. Is it too late? No, these stocks will have their spikes up. But then you have to sell something, even if it is at a loss. Then you can start afresh rather than abandon the stock market, the greatest wealth creator of all time.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":355418467,"gmtCreate":1617094959259,"gmtModify":1704801887860,"author":{"id":"3566259831309087","authorId":"3566259831309087","name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3566259831309087","idStr":"3566259831309087"},"htmlText":"The retail investors are always powerless against the big hedge funds as we really do not have any power to move the markets. 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In the case of Archegos Capital, all it took was for the banks to unload big blocks of shares which brought the stock prices crashing down.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355418467","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355418295,"gmtCreate":1617094945417,"gmtModify":1704801887698,"author":{"id":"3574901116565890","authorId":"3574901116565890","name":"Rasesh","avatar":"https://static.tigerbbs.com/911e9eb26ce3e32de8039f51e3c962ce","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3574901116565890","idStr":"3574901116565890"},"htmlText":"Riggeddddd","listText":"Riggeddddd","text":"Riggeddddd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355418295","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355411776,"gmtCreate":1617094888795,"gmtModify":1704801887053,"author":{"id":"3571060865958359","authorId":"3571060865958359","name":"Retxed183","avatar":"https://static.tigerbbs.com/c86091eb56187447cd7d41aabe57cbeb","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3571060865958359","idStr":"3571060865958359"},"htmlText":"Missssion","listText":"Missssion","text":"Missssion","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355411776","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355433501,"gmtCreate":1617093857703,"gmtModify":1704801871276,"author":{"id":"3570614147611531","authorId":"3570614147611531","name":"Jellywonka","avatar":"https://static.tigerbbs.com/b9774fac6cdbae1bac77d81d9922fb02","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3570614147611531","idStr":"3570614147611531"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355433501","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355497895,"gmtCreate":1617093595217,"gmtModify":1704801866415,"author":{"id":"3575199303759784","authorId":"3575199303759784","name":"Andaroo","avatar":"https://static.tigerbbs.com/634c9b9f18158d4a4e497249bdbe8fd5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3575199303759784","idStr":"3575199303759784"},"htmlText":"AMC to the moon.Jim Cramer talks nonsense","listText":"AMC to the moon.Jim Cramer talks nonsense","text":"AMC to the moon.Jim Cramer talks nonsense","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355497895","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355496838,"gmtCreate":1617093140424,"gmtModify":1704801860579,"author":{"id":"3574850099281549","authorId":"3574850099281549","name":"lukecyb","avatar":"https://static.tigerbbs.com/86b31ee917e065ab961b2a500b7103d6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3574850099281549","idStr":"3574850099281549"},"htmlText":"Rigggged","listText":"Rigggged","text":"Rigggged","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355496838","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355491730,"gmtCreate":1617093023520,"gmtModify":1704801858313,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"htmlText":"That's what they all want u to think. There's always secrets they don't want the public to know.","listText":"That's what they all want u to think. There's always secrets they don't want the public to know.","text":"That's what they all want u to think. There's always secrets they don't want the public to know.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355491730","repostId":1132997728,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3920071,"gmtCreate":1617093722194,"gmtModify":1680782284808,"authorId":3575203835628386,"author":{"id":3575203835628386,"idStr":"3575203835628386","authorId":3575203835628386,"name":"Azac","avatar":"https://static.tigerbbs.com/eb0497e1bcb22483542ebadc20d76df2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355491730,"type":1,"supId":0,"prevId":0,"content":"Indeed","text":"Indeed","html":"Indeed"},{"id":3920084,"gmtCreate":1617093831782,"gmtModify":1680782281810,"authorId":3572306676411693,"author":{"id":3572306676411693,"idStr":"3572306676411693","authorId":3572306676411693,"name":"Horentine","avatar":"https://static.tigerbbs.com/1fa0555375b9493883f89ad8e67f2205","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355491730,"type":1,"supId":0,"prevId":0,"content":"lmao the GME saga already proved that the market is rigged and the SEC is sleeping on the wheel","text":"lmao the GME saga already proved that the market is rigged and the SEC is sleeping on the wheel","html":"lmao the GME saga already proved that the market is rigged and the SEC is sleeping on the wheel"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}