How much does Jim Kramer's Mad Money move the markets?

Question

I was watching CNBC last week in the morning and they credited an episode of Mad MOney for causing a 4 point gain in Cisco Systems stock. I know that this show is watched by many, but does he really have that much influence? What do the brokerage houses and professionals think of his advice????

Answer 1

The answer is a huge short term effect... read this...

http://www.investopedia.com/terms/c/cramerbounce.asp


He is a previous successful hedge fund manager, so he deserves some credit.

Thanks ahead for the best answer vote.

Answer 2

Cramer is a showman and an entertainer more than anything else. Sometimes his pronouncements make a stock go up or down for a few hours. Cramer is a joke to most professional market players. His advice sometimes does move the market on a stock, but only sometimes, and that is for a brief period of time (a few hours). Most professional market players figure Cramer as an entertainer, not one to be taken seriously.