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A study published over time even demonstrated that investors who adhered closely to Cramer's advice might have seen an annual rate of return of only 12%. Comparatively, the Dow Jones Industrial Average recorded an impressive 22% increase during that same stretch, providing further evidence that blindly following Cramer's guidance may have been one fraught with peril.
Black Monday Predictions: A Doomsday Scenario?
Recently, Cramer has begun predicting an impending "Black Monday," speculating that the market could mimic its infamous 1987 crash, where significant losses were realized. The fear-driven language used by Cramer suggests he views the current economic landscape with a sense of dread; yet, critics argue that he often resorts to sensationalism rather than grounded analysis.