Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount

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I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

tateoften
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Next week Cramer will be saying "I told you not to buy Salesforce!"

keto
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The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

samsanders
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it feels good to see the market in green, but just how long until we actually break even, I’m the average retail trader, DCA-ing, buying and holding on to stocks for eons, but it’s like I’m up 5% today and down 17% the next week, Yes the market is very Darwinian, there’s winners and losers, and it’s looking like I’ve been on a losing streak, while others make huge 6figure gains in the same market. What strategies are these folks using?

natashawilliams
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This guy is not going to rest until tech unemployment reaches 10% or more

muralichundi
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Kramer is a wildly entertaining criminal grandfather.

SuperThomaspaine
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Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. It might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market and raise a profit of over $350, 000 since Jan 2022. For me, its the most ideal way to jump into the market these days.

mesutserim
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This guy speaks for and against without any basis… charitable trust is making money for him and cnbc… this guy should be fired!

krishnadassukumaran
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He is not there to entertain you but mislead you. Just watch some of his past episodes, he has made so many U turns that it is not even funny. And to top it all he has opened an "Investment Club" to spread the BS while getting paid.

rnakhan
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Tech especially and all stocks in general are overpriced and need to go back to pre corona levels.

jeffrucks
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Somehow the circus sounds seem a bit out of place when discussing thousands of people losing their jobs. But thats just me.

thejosephchrist
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how is Devon or any energy stock an excellent time to buy? Jim is all about historic trends. the sector that rallies one year always stalls the next during a downturn

-SC
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He should be laid off to so cnbc stock %1000 percent up😂😅😂

Pakopako
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Just go the opposite direction Cramer is pointing to

yanhualiu
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Cramer waits for the line to form and runs to the front and calls himself a leader

royprovins
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Calm down, Jimmy. Shouting doesn't help.

jonahansen
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People should realize that all these tech companies binged on over-hiring the past two years to support their artificially-induced growth with all the free money. These layoffs just represent a reversion back to pre-pandemic levels and the fear is completely overblown.

TheWesterosiNinja
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why is he focusing on tech? Because he was heavy tech about 6-12 months ago and got burned... now he sold off his positions at a low, he wants the prices to go lower so he can buy his shares back... a few months ago he was saying buy microsoft and other profitable tech companies... 12 months ago he was still saying to buy companies like snowflake... last month he was telling people to buy chevron after the massive run up...

he has the mentality of the classic FOMO this man is on TV for 1 reason.... to fool dumb retail investors into making silly decisions... he just has the same companies he talks about... basically the companies in his 'charitable trust'... what a joke!!!

chrislambwillwritingltd
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fact is that most big tech companies are secular... not cyclical... meaning they are affected less by recession or downturns... stay long and use this madness as a buying opportunity... do your own homework on the companies you invest in and have a look at their financials, trends, cash, debt, moats, TAM, etc etc... which companies will do well in a downturn? Which companies will consolidate their market share? Which companies will grow long term (10-30 years).... and also... do you really think tech is the only place that layoffs are happening... give me a break!!!

chrislambwillwritingltd
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9:04
There’s a lot of family out there😂

jonathandavidlopez