2006-12-07 08:23:45 · 6 answers · asked by Doctor J. 3 in Business & Finance ➔ Investing
23% is pretty good...can you make a living at 23%?
2006-12-07 11:34:37 · update #1
He was a fund manager in the 90s. That isn't saying much since you could have made a profit on almost anything in the 90s. I know he writes, but I don't know if he actually runs his own trade paper called The Street (which has its own stock listing). I also heard, only as rumor, that his wife makes more than he does. He is into technicals (any math formula that determines if a stock is a buy, hold or sell) and doesn't actually plan ahead (so he doesn't look at future needs). This causes him to flip flop on the same stock. So one week he will label a stock a strong buy and then the next week he will label the stock as junk.
People who study Crammer's picks have come up with the Cramer effect. This effect is probably is why he flip flops on the technicals. The average effect lasts 12 days with the first three days giving the widest swing. So if he claims XYZ is a strong buy, they stock goes up for three days, goes up for nine more days at a slower and slower rate, then stats to sell off on the thirteenth day. It works in reverse to when he labels something a sell. I heard that if a person followed Crammer, they would be up something like 7% for this year minus buy and sell fees. If you bought the SP 500 and held you would be up over 12% and those following me and held you would be up about 23%.
2006-12-07 09:06:11 · answer #1 · answered by gregory_dittman 7 · 1⤊ 0⤋
He is truly a blue collar advocate.. A little eccentric but definitely in the know. Amateur Investors should be grateful that a guy who tells the truth is allowed to stay on television.
I am the Fringe and remember investing in the stock market for those on the outside looking in is like wagering on a horse, it should be seen strictly as entertainment.
2006-12-07 08:47:03 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Yes I have problem watching shows where the actors have died. I feel really sad, depressed. But still yet I do watch em, cause there is nothing else worth watching on tv anymore. Most of the shows that I loved the actors have done gone on.
2016-05-23 04:26:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I can't tell ya what school he went to, or if he has a criminal history.
But I can tell ya that he has been highly successful in the stock market, and his recommendations are highly respected, as he is consistently accurate.
2006-12-07 08:31:33 · answer #4 · answered by abfabmom1 7 · 1⤊ 0⤋
A Big Booya back at yeah
BUY BUY BUY
SELL!!
2006-12-07 08:25:03 · answer #5 · answered by andrewjomega 3 · 1⤊ 0⤋