I'm no Cramer fan. But just reading what is there on the website: "In Most Recent Results we show how well you would have done if you had followed Jimâs and Leonardâs picks and then held onto to them for 30 days and then sold them." It's not the entry that matters - its the exit. With a random exit strategy as "held on to them for 30 days and then sold them", one cant expect any better results. Just my $0.02 worth...
Well, in a way true. When I took a look, his portfolio picks were doing exactly like the market with a 2 to 1 margin. Thus when the market fell 3% he dropped 6%, and the same going up. Thus one can do exactly the same without any pick by being long of the new SSO or QLD... As about his hedgefund performance: - he used indirect inside info - his wife saved his ass many times - he traded in a bullmarket His genius is that he realized when ahead and knew how to quit...
And why not? They already have all the other monkeys. : ) Ok ok, I went too far, some of the people and content on CNBC are sometimes useful.