Meaning: The quote "I think that the public is in and the public is in big, and the public is not, I don't think going to pull out because the public knows what I said about 1987" by Jim Cramer, a well-known businessman, reflects the significance of public perception and confidence in financial markets. Jim Cramer is a prominent figure in the world of finance, best known for his role as the host of CNBC's "Mad Money" and as the co-founder of TheStreet, Inc., a financial news and services website.

In the quote, Cramer emphasizes the importance of public participation in the financial markets. He suggests that the public is heavily invested in the markets and is unlikely to withdraw their involvement due to their awareness of his previous statements about the financial landscape in 1987. This quote captures Cramer's awareness of the impact of public sentiment on the functioning of financial markets and the role of his own public statements in influencing investor behavior.

The reference to 1987 likely alludes to the infamous stock market crash that occurred on October 19, 1987, known as "Black Monday." This event saw a rapid and severe decline in stock prices, leading to significant financial losses for investors. Cramer's acknowledgment of his previous statements about this period may indicate his recognition of the enduring impact of historical market events on public sentiment and decision-making.

Cramer's words also reflect the concept of market psychology, which underscores the influence of public perception, emotions, and behavioral biases on investment decisions. The quote suggests that Cramer believes the public's awareness of his previous insights or predictions about market events can shape their current attitudes and actions in the financial markets.

Furthermore, the quote hints at the idea that public confidence in the markets is a critical factor in determining the stability and performance of financial systems. Cramer's assertion that the public is "in big" implies a substantial and active presence of individual investors and market participants. This aligns with the broader trend of increasing retail investor participation in the stock market, particularly with the rise of online trading platforms and social media-driven investment communities.

Cramer's statement serves as a reminder of the interconnectedness between public sentiment, market dynamics, and the role of influential figures in shaping perceptions and behaviors within the financial domain. As a prominent media personality and financial commentator, Cramer's words carry weight and can impact the sentiments and actions of his audience.

In conclusion, Jim Cramer's quote underscores the significance of public engagement and confidence in financial markets, as well as the influence of historical events and influential figures on market psychology. It highlights the interconnected nature of public sentiment, investor behavior, and the role of media personalities in shaping perceptions within the realm of finance.