quanuec wrote:some words of wisdom from cramer...
nedsaid wrote:I don't know, my US Total Stock Market Index has done pretty well.
Cramer has a trader's mentaility and not an investor's mentality. He was probably very good at trading. I have noticed that he runs hot and cold on his recommendations and his market outlook. Within a week!!! One week he might be bullish and a week later be bearish. Like watching a Tennis match. My neck hurts on the back and forth of his recommendations.
A 2007 review by Barron's that found the only way to reliably profit from Cramer's stock picks was to short them (see "Shorting Cramer," Aug. 20, 2007).
That seems to be what smart traders have done, from the evidence of options-market activity examined by a finance professor, who found that betting against Mad Money's Buy recommendations can yield 25% in a month.
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