TL;DR

Jim Cramer says don’t panic about the sell-off, but some see this as a sign of a coming crash. History reminds us that when ’experts’ say everything is fine, it often isn’t.

Story

Jim Cramer, the ex-hedge fund manager turned TV personality, is at it again, telling everyone not to panic. This time, he’s saying the recent market sell-off is nothing to worry about. Sounds familiar, doesn’t it? Like every other time the market’s tanked and experts told us it was a buying opportunity. Remember Bear Stearns? ‘It’s fine,’ they said, right before it imploded, kicking off the 2008 financial crisis.

Some Redditors are buying puts, betting against the market. Others are selling Bitcoin. Me? I’m reminded of the old saying: ‘When the shoeshine boy gives stock tips, it’s time to sell.’ When Cramer tells everyone to ‘buy the dip,’ it might just be the kiss of death for the bull market.

Is this another ‘Bear Stearns is fine’ moment? Are we headed for a ‘hard landing’? Time will tell. But history teaches us one thing: when euphoria turns to fear, it’s usually too late.

‣ Puts: A bet that a stock’s price will go down. Like insurance for your investments. ‣ Bitcoin: A digital currency not controlled by any government. Famous for wild price swings. ‣ Bull Market: When stock prices are generally rising. Party time for investors. ‣ Hard Landing: A sharp economic downturn. Not a party.

Advice

Don’t blindly trust ’experts,’ especially when they tell you not to worry. Do your own research. Be skeptical. History often repeats itself, especially in the markets.

Source

https://www.reddit.com/r/wallstreetbets/comments/1j8iesd/my_god_we_are_doomed/