The Cramer Effect

The so called "Crammer effect" is a phenomenon where the host of Mad Money, Jim Cramer, will announce that a stock/crypto will go one way, but the actual long-term outcome will be the absolute opposite of said prediction.

1: Oh man, I invested all of my money into Coinbase stock like Cramer said "Coinbase to $475" on his show Mad Money
2: Jim Cramer ? Have you never heard of the Cramer Effect ?
1: I guess I shouldn't listen to his advice anymore.

Cramer effect

A stock price that crashes after Jim Cramer pumps it.

Jim Kramer gave Netflix a buy rating.
Price just dropped $100. Cramer effect.

“No! No! No! Bear Stearns is fine,” Cramer shouted in response to the question. “Do not take your money out. Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.”