PANews, November 5 - According to Cointelegraph, TV personality Jim Cramer noted that investors' confidence in U.S. Vice President Harris winning the 2024 presidential election is increasing while reviewing stock market performance. However, due to the existence of the 'Cramer reverse' effect, where Cramer's predictions often contradict the outcomes, some investors are interpreting his prediction for Harris as a signal for Trump's victory. Cramer's prediction was made the day before the U.S. election day, at which point cryptocurrencies also became a political focus for the first time.
Previously, an ETF aimed at profiting from shorting Cramer's stock recommendations was born due to the Cramer reverse trend, but the ETF was closed and liquidated after just 10 months due to poor performance, attracting only $2.4 million in investment and recording a negative 15% return since its launch, further proving that Cramer's predictions are not always accurate.