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Barron's Takes Down Cramer, Again
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This Link is located in the Public Channel Top Wall Street Bloggers.
Posted by MyPropsMonkey 1 year 38 days ago (seekingalpha.com). Views: 42
Tags: jim cramer |
| Related Tags: wall street housing bubble stock market apple housing bubble mortgage |
Once again, Barron's Bill Alpert takes down Jim Cramer (previously). From May-December 2008, Alpert says, Cramer's Buy calls trailed the market by 10%, while his Sells beat by 5% (see this chart). In the aggregate, someone playing every one of Cramer's calls (is there anyone, anywhere that actually does this?) would have fared 5% worse than just stuffing his money in some index fund - minus, of course, the ubiquitous management fees. If CNBC - which hosts Cramer's Mad Money show among other segments - was evasive last time Alpert stuck it to Jim, this round they're downright dismissive, claiming Alpert is no more than a shill for Fox Business TV (owned by News Corp. (NWS), which also owns Barron's).
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