Sunday, August 19, 2007

Barron's: Jim Cramer's picks suck.

Bidness: *Wait, is this the Murdoch's News Corp owned Barrons magazine, the same news corp that is starting a Fox Business Channel in the fall picking on one of CNBC's stars? I smell an evil synergy!

*You will see some sort of variation of this theory on Huff Post, Romenesko or Editor and Publisher with the next couple of days.

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.

The data is based on a record of 1,300 of the CNBC star's buy recommendations compiled by YourMoneyWatch.com, a Web site run by a retired stock analyst and loyal Cramer-watcher, said the report.

The Barron's article adds that it also looked at a database of Cramer's "Mad Money" picks over the last six months, which is maintained by his Web site, TheStreet.com. The data showed his picks were flat to down in relation to the market, according to the Barron's report.

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