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Jim Cramer has once again proved his infallibility. Namely he never fails to be WRONG. So is there a cause and effect at work here? And was First Republic Bank DOOMED because weeks ago the words "Business as usual" passed Cramer's lips in regards to that bank? If the Jim Cramer curse is in effect won't that make the entire financial system DOOMED as well because of his assurance that despite the recent bank failures "there is no systemic contagion?"
Why is he still in the position he has?
He's entertainment more than solid investing advice.