KEY POINTS
  • CNBC's Jim Cramer on Wednesday blasted "bearish billionaires," saying everyday investors ought to stop listening to their stock market calls.
  • "You can't take investment advice from oligarchs no matter how smart they sound" because they have their own priorities, the "Mad Money" host said.

CNBC's Jim Cramer on Wednesday blasted "bearish billionaires," saying everyday investors ought to stop listening to their stock market calls.

"It's time the end this ridiculous charade of bearish billionaires who've been negative for ages being allowed to come on air and say everything they want about how bad things are, even as you've made so much more money being positive than they have in the last few years," the "Mad Money" host said.