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Television host Jim Cramer says that analysts not taking the crude oil price surge into account were naive as President Donald Trump announced a U.S.-led blockade of the Strait of Hormuz.
Jim Cramer Decries ‘Panglossian’ Analysts
In a post on the social media platform X on Monday, the investor said, “Very few analysts seem to care that oil has gone above $100. They have cordoned off oil as a factor,” he said, calling the move “Panglossian,” or naive.
He then shared that while he acknowledged that the possibility of the U.S. facing supply shortages was low, analysts wanted to “buy the dip ahead of a blockade as if the market will rally when the blockade takes effect.”
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