Jim Cramer: bad pundit, foolish predictions

[barbaro]

Many people (likely millions) sit in front of their computers while watching Jim Cramer's arrogant, loud, special-effect ladent TV show.

Cramer shows a chart and spouts analysis, about why X stock is a bood buy, and why Y stock is not. With the click of a mouse button, the many people (sheople) that watch buy, go long, short, and sell.

He has a bad track record. Stock picking gurus are for the sheep. Their job is to get ratings.

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Jim Cramer Retreats Along With the Dow
G. Paul Burnett/The New York Times
A somewhat milder Jim Cramer, host of CNBC’s “Mad Money,” tries to find the right tone in a time when building stock wealth seems like a thing of the past.

So terrible that Jim Cramer, the happy warrior who cheered the Dow on his cable show surrounded by his menagerie of stuffed animals, sound effects and bobble-heads has traded the pom-poms for a votive candle, praying that the market finds a way to right itself — and maybe restore some of the luster to his chosen profession.

After years of selling the stock market as a reliable path to riches, Mr. Cramer came in for some brutal criticism recently from viewers and competitors.

In March, he said Bear Stearns “is not in trouble.” After Bear Stearns tipped over, he wrote in his New York magazine column that the bottom had finally come. “I feel the bear has been tamed, and the worst of the clawing is over,” he said. And on Sept. 15, he hosted his friend Robert Steel, chief executive of Wachovia, and suggested that its $10.71 share price was a bargain. Two weeks later, it was at $1.84.

Link & Entire: http://www.nytimes.com/2008/10/20/bu...20carr.html?em

[Norton]

He has a bad track record. Stock picking gurus are for the sheep. Their job is to get ratings.

Remind of these guys that sell lottery predictions in Thailand. If they or the so called stock gurus knew so much they would all be billionaires buying and selling stocks or lottery tickets rather than wasting time predicting!