Cramer Ain't That Bad a Stock Picker, Actually

By Harry Kimball,  Newser Staff
Posted May 20, 2009 4:30 PM CDT
Jim Cramer.   (AP Photo)
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(Newser) – Jon Stewart, take note: Jim Cramer is not that bad at picking stocks, the New York Times reports. A study of Cramer’s televised market advice shows that the former hedge fund manager beat the market in 2005-07. The raw numbers from the fictional “Cramer portfolio” outperformed the S&P and other indices. With the addition of other factors, the CNBC host was merely so-so.

“While Cramer may be entertaining and mesmerizing to many of his viewers,” the study says, “his aggregate or average stock recommendations are neither extraordinarily good nor unusually bad.”