Posted by: OBAMA March 9, 2012
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Guys,
there was a study done about cramer's picks and it was published on Barrons few years back. As far as i remember from that, his picks don't fare better for 4-6 weeks but in longer terms they do better. Researchers had a reason for short-term underperformance as people might use cramer's pitch as selling opportunity.
My opinion is: it depends on where the market is at. For example,most of his picks during the may of last year wouldnot have fare better all year and the picks he is making in last few months must be doing lot better. Rather try to see what fundamental reasons are behind his picks and figure out if it makes sense to jump on them with technicals.
there was a study done about cramer's picks and it was published on Barrons few years back. As far as i remember from that, his picks don't fare better for 4-6 weeks but in longer terms they do better. Researchers had a reason for short-term underperformance as people might use cramer's pitch as selling opportunity.
My opinion is: it depends on where the market is at. For example,most of his picks during the may of last year wouldnot have fare better all year and the picks he is making in last few months must be doing lot better. Rather try to see what fundamental reasons are behind his picks and figure out if it makes sense to jump on them with technicals.