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Originally Posted by AVoiceOfReason
Every time someone is selling a stock, there's a buyer thinking it is going higher yet. The successful investor is not the one that is right ALL the time, but most of the time. Same with the talking heads--some of them are going to be right more often than the others. The point of this thread is to figure out if Cramer--the most visible talking head on stocks these days--is reliable, not to determine if he's perfect.
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Excellent point Voice.
I like the idea of this thread and it will be interesting to see how well Cramer actually performs. There's an old saying that goes something like "the quickest pathway to extreme wealth is to educate others on how to get there". So in essence ... if you write a book on stock trading, sell tapes and cd's on real estate foreclosures, and any other "program" ala Carlton Sheets, et al that can guide people to riches and you will reap the rewards of a fool and his money.
On Cynthetiq's comment above I have to agree. Just because Cramer says it with conviction doesn't mean that anyone should not do their homework. No one, Cramer included, can know the specifics on each company that he rates during his "lightning round" well enough to make the brash, off the cuff comments that he makes. In my opinion (so you know what that's worth
) his advice and methodology is sound. He too is usually straight up when he makes a bad call which is refreshing.
Someone else said above that he's more entertainer than analyst which likens him in my mind to Rush Limbaugh. They both have informed opions on what they speak but at the end of the day it's opinion, conjecture, and entertainment.
I like him. I'm entertained by his show. I didn't really care for him on Kudlow & Cramer or what others have called Cuddly & Crabby
but he's grown on me a bit since then.
Do your own homework and know what you are buying before pulling the trigger on any stock purchase.