Sunday, August 19, 2007

Cramer’s Picks Underperform

This is worth noting.

Jim Cramer’s stock picks on his nightly CNBC show “Mad Money” haven’t beaten the market over the past two years, according to an article in the August 20 edition of Barron’s.

Over that period, Cramer’s stocks rose 12 percent, compared with a 22 percent rise in the Dow Jones industrial average and a 16 percent rise in the Standard & Poor’s 500 index, Barron’s said.

(5) Comments
Posted by Owen at 2347 hrs
Off-Duty

  1. Dog bites Man.
    Cramer is a hack and anyone who listens to him is devoid of brain cells.
    Larry Kudlow is real. Check out his return on investment.
    Most lefty’s try to keep their portfolio (failing miserably, I might add) green which leads to below average profits.
    I always ask my brother and his live-in, why do you invest? To change the world or to retire?
    Invariably I get the stunned silence and argument that they are totally green. I always hit the internet and show how their portfolio includes many non-green investments.
    It’s a fun game. I enjoy watching them scramble everytime. I enjoy even more pointing to their new investments as even worse then the old. Just a little thing I do for fun.
    No investors are hurt in this endeavor. My brother is fine.
    His children are college sponsored and secondary education is paid for.

    Posted by .(JavaScript must be enabled to view this email address) on August 20, 2007 at 0036 hrs


  2. Barron’s piece claims to have shown Jim Cramer’s aggregate performance is a fool’s game, but those who don’t think they can use the hype machine to their advantage should wear the jester’s hat. Here on JSDA, his recommendations made you 90% gains before getting out http://www.stocktagger.com/2007/08/defending-jim-cramer-jones-soda-jsda.html

    Posted by .(JavaScript must be enabled to view this email address) on August 20, 2007 at 0421 hrs


  3. Most lefty’s try to keep their portfolio (failing miserably, I might add) green which leads to below average profits.

    Please. You pulled this out of your ass.

    I always ask my brother and his live-in, why do you invest? To change the world or to retire?

    How about both? I keep a small part (10% to 15%) of my portfolio in green stocks and progressive funds because I believe in putting my money to work for things that I believe in. I bet a lot of other liberals do the same. And what’s wrong with that?

    btw, forget about Cramer and all the other pundits; the smartest thing any investor can do is read Malkiel’s “A Random Walk Down Main Street.”

    Posted by .(JavaScript must be enabled to view this email address) on August 20, 2007 at 0933 hrs


  4. Cramer applies hedge fund strategies to small investors.  And it clearly doesn’t work.  He’s too much of a short term guy.  Not only does one lag behind the market with his picks, but your taxes and trade fees will kill you if you’re not investing a ton of money into each of his picks.

    I like Motley Fool’s picks (most of the time - some of them are downright insane).  But overall they pick good long-term stocks for investing, not active trading (like Cramer).

    Posted by David on August 20, 2007 at 1207 hrs


  5. Cramer is a hack and con man when it comes to what he sells….

    But you can’t deny his influence.  That guy contributed in some slight way to getting the Fed to reverse course last Friday…...all that public whining he did about the Fed setting the table for recessions or worse raised the stakes in the debate.

    Posted by .(JavaScript must be enabled to view this email address) on August 20, 2007 at 1924 hrs


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