Jim Cramer and Jeff Marks spent their June Monthly Meeting walking through all 35 stocks in the Investing Club portfolio. They ranked them. They discussed their "latest thinking." They revealed Cramer's favorite name to buy right now. None of this will affect the price of any of these stocks by even half a percent.
The Investing Club exists because retail traders believe that listening to Cramer talk about 35 different companies in one sitting will give them an edge. These same people lose money on SPY calls every Friday and blame market manipulation. They subscribe. They pay for the privilege of hearing which of 35 stocks Cramer likes most this month, as if that preference won't change by July when he does this again.
Monthly updates are the financial media equivalent of mandatory corporate training videos. Everyone has to sit through them. Nobody retains anything. The information is outdated before the meeting ends. But the appearance of process matters more than results, so here we are, updating you on all 35 names like it's a f*cking roll call.
Cramer's favorite stock to buy is probably something he hated in April. That's not cynicism. That's pattern recognition. The man has changed his mind on more stocks than most people have owned in their lifetime. He's not wrong for it. Markets change. Opinions change. But pretending this monthly snapshot means anything beyond content production is delusional.
Jeff Marks sits there and nods. He agrees. He adds color. He helps facilitate the update on all 35 portfolio stocks, which is a task that sounds exhausting and pointless, like explaining your job to a child who asked what you do for a living. The child doesn't care. You know the child doesn't care. You explain anyway because the question was asked.
Retail traders will watch this update, pick Cramer's favorite name, buy it Monday morning, and sell it Thursday afternoon for a loss.
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