Jim Cramer advises buying fear, not selling it during potential government shutdown

From Investing.com

December 20, 2024 3:00:35 pm:

Financial commentator and Mad Money host Jim Cramer predicts a U.S. government shutdown due to the president disapproving the funding bill for 2025, causing pay rises and benefits for Democratic congressmen. Elon Musk also opposes the bill. Cramer advises to “buy fear, not sell it” during shutdowns for investment success.

The president urges Congress to pass the bill without extra expenses to increase the national debt limit temporarily. If not passed, a government shutdown is imminent. Cramer advises studying past shutdowns, suggesting to buy fear, not sell it during these times for investment gains.

The crypto community responds to Cramer’s advice, with many believing it’s worth selling, not buying. Bitcoin has dropped nearly 10% in the last 24 hours, falling from $102,450 to $92,951 due to Federal Reserve boss Jerome Powell’s announcement of a slower interest rate cut pace in 2025, disappointing the crypto community.

Read more at Investing.com: Jim Cramer Says ‘Buy Fear, Not Sell It,’ Crypto Community Reacts By U.Today