Anyone who picks 30 - 40 stocks a day will pretty much be flat. Too hard to find that many good picks a day, day in and day out.
Making Mad Money with Jim Cramer
- Thread starter Cramerholic
- Start date
add sfd and opwv and gehl to the list. blowup this am.
I admit that Cramer is akin to a Carnival Huckster. I did not intend to get into an arguement with anyone here. The point I was trying to make is that the guy is making the Market appear to be more accessible to the 20 somethings that otherwise would not be interested. You can not fault the guy for that. Anyway, I acknowledge that he is not right allof the time, but really, who is?
nobody is right all of the time. that is why you have to look at his overall record and see how it averages out. the end result is that cramers aa portfolio performance from when he started it in 2002 lags the s&p 500 performance.
if he gets you interested in the market that is a good thing as long as you realize that his style of averaging down on losers without any kind of stop is a poor one.
dude, said it many times, he makes so many calls he is GUARANTEED to have great ones and blowups.
Please, he makes too many calls, and DOES NOT PROPERLY CLOSE POSITIONS in public.
He just takes credit for the screaming winners, and implies the losers were all sold by 'prudent' investors.
It's a scam.
All the studies of his picks have shown underperformance to indexes.
Please, he makes too many calls, and DOES NOT PROPERLY CLOSE POSITIONS in public.
He just takes credit for the screaming winners, and implies the losers were all sold by 'prudent' investors.
It's a scam.
All the studies of his picks have shown underperformance to indexes.
Today was a good show.... and by good i mean how much buffoonery it dished out. Today, Cuckoo Cramer had an array of power tools... i swear that show looked like it had Black and Decker as a paid advertiser. Anyways Cramer takes this new power saw thats coming out next month and tries to cut a rubber bear in half. Ofcourse the saw does not cut the bear. You would think they would do a dry run before they go on the air... guess not.
So theres Cramer holding a power tool in his left hand... trying to talk with a listener, while hitting the bull sound affect with his right hand... and then going on to explain why Black and Decker will hit $100 even though housing has slowed down.
I had to turn the channel.... was embarrassing myself watching it.
So theres Cramer holding a power tool in his left hand... trying to talk with a listener, while hitting the bull sound affect with his right hand... and then going on to explain why Black and Decker will hit $100 even though housing has slowed down.
I had to turn the channel.... was embarrassing myself watching it.
. This is why I am not a fan of equities.Oh my, we are supposed to be pro traders on this board and we give a thread devoted to this guy? I was a mm in the late 90"s and had to trade against this ahole and still managed to have a positive p&l. If the angel rally monkey had his show would u blindly follow him?
Just curious on this but how is he allowed to give investment advice on TV to the public at large without being registered to do so under the 1940 Investment Advisors Act?
I do think that as America has a affair with him, the tides will shift hard on the american public soon. Who will be left to buy as all retail is already in. I think many forget about 1999-2002, and will quickly remember while holding Mr. C's bag.
I do think that as America has a affair with him, the tides will shift hard on the american public soon. Who will be left to buy as all retail is already in. I think many forget about 1999-2002, and will quickly remember while holding Mr. C's bag.