The Inverse Jim Cramer Curse Strikes Again: This Time It’s Boeing

Conservatives have been sharing for some time the basic principle—when it comes to economist Paul Krugman and WaPo writer Jennifer Rubin—you can pretty much bank on them always being wrong.

So, if they say something is so, you can most likely be assured that the opposite is true.

This from redstate.com.

But CNBC’s Jim Cramer is in a special category all by himself.

Any time the host of “Mad Money” likes something, you know it’s time to run for the hills because something bad is about to happen to it.

This is the “Inverse Cramer” effect. And there is even a Twitter account that was created just to track it.

Nick Arama wrote back in March about the Jim Cramer principle when it applied to Signature Bank and Silicon Valley Bank.

He recommended Silicon Valley Bank, it went under. Then he recommended Signature, and it shut down.

As Nick Arama explained in March:

The “Inverse Cramer Tracker” was outperforming market trackers just by recommending that you do the opposite of whatever Jim Cramer says.

Even Fox host Tucker Carlson has had fun at the expense of Jim Cramer.

Tucker reported:

If that guy ever endorses anything you’re doing, move to the Canary Islands, change your name because disaster is coming!

Cramer said in March we were on the “cusp of a soft, safe landing,” when it came to inflation. That, of course, was wrong. Inflation is still raging, without a soft landing in sight, unfortunately.

Next the world was at least mildly concerned about what Cramer tweeted on Thursday night.

Many were afraid of what that might mean for air and ground safety.

Many even said that if they had to fly, they were going to look for planes other than Boeing to fly on after Cramer’s statement.

And long behold with that great ability, Cramer seemed to call it once again.

Boeing Co’s shares fell 6% in morning trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems.

The issue will likely affect a “significant” number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term, Boeing disclosed on Thursday.

They’re insisting that it’s not “an immediate safety of flight issue.” The company said the Max jets can continue flying “while inspections are underway” and the Federal Aviation Administration was going along with that.

But obviously, it’s now affecting Boeing’s shares.

‘Inverse Cramer’ declared its namesake a “legend” once again.

As of close of the NYSE Friday, Boeing was down 11.88 USD per share (5.56%) for the day.

The number of those wondering how Cramer does it continues to grow. His inverse curse really does seem to work.