5 replies to this topic

[SemiBizz]

(eom)

[humble1]

he is a terrible embarassment and distraction. the apparent fact that there is enough appetite for someone like that, who now seems to be appearing all over the place as an authority figure, shows just how much all of this has turned into a side show at a casino.

Edited by humble1, 10 September 2007 - 09:21 AM.

[Tor]

I personally think he's pretty good. his recent track record is quite good i have found. not immediate setups but in due course.

[selecto]

I agree with you, Tor. I think Cramer rocks as an entertainer and commentator on the markets, although I have never paid any attention to stock calls, as I trade indices. He is certainally more interesting than the bunch of vacuous tele-prompter reading bimbos CNBC employs. Booya Dude.

Edited by selecto, 10 September 2007 - 12:00 PM.

[SemiBizz]

Barron's Debunks Cramer



Shorting Cramer by Bill Alpert

Summary: After analyzing infamous TV stock-picker Jim Cramer's picks using all available means, Barron's says the only way to make more money off his picks than buying a simple index fund or ETF is to short a stock's 'pop' the day after a Cramer mention. Based on YourMoneyWatch.com, a website run by a retired stock analyst and Cramer fan, Cramer's picks consistently underperformed the market, making 12% over the past two years (before commissions) -- vs. 22% for the Dow and 16% for the S&P 500. A database of Cramer's Mad Money picks maintained by his website (http://MadMoney.TheStreet.com) which covers picks over the last six months were flat to down compared to the broad market. It also showed no performance difference between Cramer's Lightening Round picks (in which he judges stocks mentioned by callers with no advanced notice) and his pre-prepared Mad Money picks, despite his insistence to the contrary.

CNBC, which airs Mad Money, told Barron's it was looking at the data incorrectly -- and that viewers should buy only the show's picks a week later. In an erroneous analysis, they say that Cramer's 'most-researched' stocks (about 12 a week) would have beaten the S&P by 0.8% over one month and 1.7% over two. The truth: They beat by 0.4% and 1.2% respectively, and fall short by 2.2% YTD. Barron's also questions how viewers are to know exactly which picks they should trade. His show's popularity, though, have been kind to Cramer's website, TheStreet.com: traffic, ad sales and shares have risen since Mad Money's 2005 launch, even as Cramer has sold off $4.6 million of his stake. When contacted by Barron's editor Bill Alpert, Cramer was belligerent. "I can show exact data, which says my picks are much better than the S&P," he insisted. Alpert spent weeks pursuing the not-forthcoming data.

[Tor]

im sure cramer loves that article. sure he may be the masses, but the fasion is to fade him, and from what i see (aside from st pops) he seems to be correct. BOOOOOOOOOOOOOYA