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Ring the alarm…
“Mad Money” host Jim Cramer rang the New York Stock Exchange opening bell on Monday to honor the Comcast-owned
CMCSA,
CNBC show’s move to broadcasting from the NYSE beginning July 18.
But financial Twitter and the Reddit WallStreetBets crew were quick to remind the public that the last time Cramer rang the opening bell — to mark “Mad Money’s” 15th anniversary on March 6, 2020 — the NYSE Composite Index tracking every share listed on the NYSE fell 1.9%, and COVID caused the stock market to crash just days later.
What’s more, when Cramer also rang the opening bell in March 2015, the NYSE Composite Index dropped 1.15%.
So financial Twitter and WallStreetBets have been having a field day cracking jokes at Cramer’s expense, anticipating another volatile day on the markets after the CNBC commentator rang the bell. Soon, “Jim Cramer” was trending on Twitter on Monday morning. And memes predicting the death of the stock market — such as images of the musicians playing on the deck of the sinking Titanic — abounded online on Sunday night and well into Monday morning.
READ MORE: Perfect contrarian indicator? Jim Cramer declares the bear market is over
“The stock market is looking green this morning, but be cautious because Jim Cramer is about to ring the opening bell in 10 minutes,” tweeted one doomsayer before the bell Monday.
But U.S. stocks opened higher on Monday, with the Dow Jones Industrial Average
DJIA,
gaining 311 points to start; the S&P 500
SPX,
advancing 31 points; and the Nasdaq Composite Index
COMP,
climbing 113 points. Perhaps the “Cramer curse” is over?
The jokes didn’t appear to be ruining Cramer’s good time. “Hey Pop get a load of this!” he tweeted on Monday, with an image of the “Mad Money” logo being shown on screen behind the bell, itself.
Catch him ringing the bell below.
