Why Jim Cramer Warns Not to Bet on the End of the World

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Don't bet on the end of the world is a warning that both Sallie Krawcheck, CEO of Ellevest, and Jim Cramer echoed. 

"If we've learned anything during this pandemic, it's that betting on the end of the world is a fool's game. It was a year ago Tuesday that the Dow Jones Industrial Average fell more than 3,000 points to its 2020 lows, and Jim Cramer marked the occasion by reminding his "Mad Money" viewers that panic is never an investment strategy," wrote TheStreet's Scott Rutt in his Mad Money recap. 

"A year ago, little was known about COVID-19. Investors feared that we were doomed to repeat the mistakes of the financial crisis, where help was too little, too late and our entire financial system almost collapsed," he continued. 

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