Twitter’s owner and one of the wealthiest people on the planet – Elon Musk – dropped a sarcastic tweet regarding Jim Cramer’s recent market predictions. 

The host of CNBC’s financial TV show – “Mad Money” – has given guidance to investors numerous times, but often that advice has turned wrong. A few days ago, he argued that people should use the recent crypto price rally as an opportunity to sell their stash. However, the market kept its uptrend, with bitcoin tapping a new 9-month high at $27,000 earlier today.

‘Inverse Cramer’ ETF Seems to be Working

In a recent Twitter post, the Co-Creator of the memecoin Dogecoin – Billy Markus (better known as Shibetoshi Nakamoto) – said Cramer is “good at his job.” His comment started a debate, and one of the people to join was Elon Musk.

The South African entrepreneur ironically supported the “Inverse Cramer” strategy – a plan that helps investors bet against the stock picks of “Mad Money’s” host. 

The Force is strong with inverse Cramer

— Elon Musk (@elonmusk) March 16, 2023

The Inverse Cramer Tracker ETF (ticker SJIM) was designed to perform in the opposite direction of the TV personality’s advice. Matthew Tuttle – CEO of Tuttle Capital Management – explained in detail:

“If he specifically says either buy, buy, buy a stock, then we’re gonna go short that stock at the next practical moment.