actaully his overall performance does mean something. He can say whatever he wants on his show, who cares. But he does run an "action alerts" portfolio which is a better predictor of any value added. He also charges for this product and a few other products on his site.
this was on june 15th aa portfolio 2006 YTD Return -8.43 % total return since inception in 2002 9.34% 23 positions in portfolio 4 are green
don't forget it doesn't include the early stuff (before or after 9/11, i forget which). and as a point of comparison - his 4 or 5 year performance is a fair bit worse than if you just bought the Qs or the spoos..
I ran a regression on 5 years of Cramer calls and articles. The program took 2 hours to come up with a detailed analysis. This is what it said. RESULTS: Cramer is a dick