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Jim Cramer's 2009 Dow Jones Predictions vs. Actual
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This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 257 days ago (myprops.org). Views: 36,066
Tags: jim cramer stock market wall street |
| Related Tags: finance economics business stocks video forbes credit crisis bailout |
Granted the year is less than 1/4 over, but for fun let's take a look at Jim Cramer's predictions for Dow Jones Industrial Average components in 2009:
Cramer Bullish on the Dow for 2009 -- Part I
Cramer Bullish on the Dow for 2009 -- Part II
Cramer Bullish on the Dow for 2009 -- Part III
Above are the actual results. Numbers speak loader than words so I'm not going to do any further analysis, here.
Let me just point out that in addition to a course in common sense, Cramer, or whatever assistant he hired, needs a course in 4th grade math. The percentages Cramer gives at the above links are all computed incorrectly. For example, he lists his predicted gain for C as 25.44%. He apparently got this by dividing his predicted price gain of $2.29 by his predicted price of $9, giving 25.44%. The correct formula is obviously to divide the price difference of $2.29 by the initial price of $6.71, yielding 34.13%.
By the way, after wrongly predicting the market would rise in 2008 and 2009, Cramer is now bearish.
Better late than never? (Why does this guy still have viewers?)
If you want to follow these Dow components for the rest of the year, here are their latest prices.
For the record, I stated on 11/17/2008: "When the Dow is hovering near 5,000 we can start to think about a bottom." For the sake of everyone, I hope I am proven wrong.
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