Stock picks featured on Mad Money don’t live up to the host’s hype. That’s the theme of this Cramer-bashing article.
According the this article, they’re just following the pack:OTHER CAREFUL, HONEST EXAMINATIONS of the CNBC star showed the same underperformance — including several independent studies by finance researchers, and a 2007 review by Barron’s that found the only way to reliably profit from Cramer’s stock picks was to short them (see “Shorting Cramer,” Aug. 20, 2007).
I think it’s pretty interesting that he was telling people not to sell Bear Stearns right up until it went toes up.