There was a study carried out on Cramer's predictions/feedback. He has been more wrong than right, what makes this study very interesting is that it actually is far above what are considered to be results of pure randomness. That means, Cramer not only is statistically legit.... (-and here is where the kicker comes in), but he's been on the WRONG side of his predictions.
This means, he is one of the real things in this world you can use as a true contrarian indicator. The jokes about shorting anything he is positive about are actually proven to be sound.
I should dig up an old thread on that... as it makes a point about CNBC TV stuff.
This means, he is one of the real things in this world you can use as a true contrarian indicator. The jokes about shorting anything he is positive about are actually proven to be sound.
I should dig up an old thread on that... as it makes a point about CNBC TV stuff.