How reliable is Jim Cramer?

Question

In the business world, is Jim Cramer considered a joke or a reliable source?

Answer 1

Jim Crammer is a great entertainer. He has done well some years, at some times. Should you use him for stock advice, most likely not.

In the "financial world" most would council you to avoid his suggestions.

Be very wary of anyones "hot advice". Use your knowledge and experiance to make stock picks. Develope these talents. Read what others have to say & why. Then take the correct action as you see it!!!!!!!

Answer 2

The main problem is that he has too many followers, so if he says buy, then the stock quickly becomes overpriced. If he says to sell a stock, the price goes down to where it's a buy.

People that track Cramer's record have come up with two findings. One is that if you followed his advice in 2006, you would not have beat the SP 500 (the benchmark for mutual funds) you would have gained 8%. Another finding is the 12 day rule. The stock will go back to where it was in about 12 days. So is a stock starts at $25 a share, after the 12th day it will be about $25 a share.

Answer 3

@kevinphull @jimcramer Cramer, you are killing me. You say buy ETP for the remainder of the year. Look where it is now. Late this past summer you say Amba is a buy and has more room to go up, look at it now down more than 50% I can't blame you , it's my own fault and stupity for listening to you. I have lost 50% of IRA --- good job Mr. Cramer in educating your listeners. While you are entertaining , you need to be pulled off the air. You don't know jack !!!

Answer 4

Cramer is great for investors and investors as lengthy as you do your man or woman homework and function your man or woman nicely defined investment plan. no longer each and every inventory %. or strategies-set will meet your standards and in the event that they do than you will never get any traction as your money would be unfold out too lots. Any advantageous aspects would be eaten up with the help of transaction expenditures. Cramer is great at clarify each and every of the aspects that influence a shares cost no longer in elementary terms the agencies economic assertion.

Answer 5

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Answer 6

Hi,

He is reliable. He goes for fundamentals like earnings, P/E, etc. He warns against investing right after he suggests a stock - do your homework and if it still looks good after a week buy it.

Get his books. Follow his show on CNBC. He is a wild man, but has solid advice. Go to thestreet.com. Good advice there.

Use stockpickr.com.

Use stockcharts.com

Kindest Personal Regards,

Walt Brown
Site Build It Certified Webmaster
[e-mail]

Answer 7

He's former Goldman Sachs and left to run a very successful hedge fund. I think most business people realize that he's very talented and the persona is part of the TV thing.

Answer 8

He's an entertainer.

Every time he recommends one of my stocks, it goes down. I wish he'd stay away from my stuff. I have two stocks that he said to sell and I held them anyway. He was dead wrong.

He's right at times but he's more of an amusement then a source. I can't stand watching him but some of his column's are pretty good.

Answer 9

A reliable source.

Answer 10

I noticed he isn't always good. The one I found to be good is Tobin Smith on Fox business