Quote from ByLoSellHi:
The only individual on CNBC who has a grain of intelligence and integrity is Rick Santelli.
Aside from that - no, even with that - CNBC is the Miller High Life to the refined Pilsner Urquell that is Bloomberg.
They may call themselves the same thing, but they are worlds apart in quality.
Based on subsequent stock market performance and our judgments about his forecasts for overall stock market direction, Jim Cramer is right about 47% of the time with his stock market predictions, slightly below average. His forecast sample size is moderate, as is our confidence in this conclusion.