Mad Money Machine » Cramer

See All Three Rounds Here

Paul Douglas Boyer — Fri, 13 Mar 2009 09:09:34 +0000

Here’s the link to see all three parts, including some that did not appear on TV, of The Daily Show’s Jon Stewart and Mad Money’s Jim Cramer.

I’ll discuss on show 150.

Guru Smackdown Tonight

Paul Douglas Boyer — Thu, 12 Mar 2009 18:06:46 +0000

Yeah, Cramer v. Stewart . I’ll be watching (once my DVR has finished recording it). Thanks Barry for doing the compilation. I especially like #3.

Cramer says SKF doesn’t work right. Is he right?

Paul Douglas Boyer — Wed, 25 Feb 2009 23:21:29 +0000

On Jim Cramer’s Mad Money show on Monday February 23rd, Jim said about SKF , the 2X UltraShort Financials ETF:

"…they don’t even perform as expected. The index the SKF tracks is down 14% over the past three months, so you’d figure an ETF that double or triple shorts that index would offer great returns, right? Wrong. The SKF is down 28% over the same time period.

I took a quick calculation of XLF vs SKF to see if he is right. I brought weekly historical quotes from Yahoo finance into a spreadsheet, inverted the SKF’s weekly returns and divided by two and charted it. Here’s the chart, you decide if he’s right.

Bet Against Cramer, Make Money

Paul Douglas Boyer — Wed, 11 Feb 2009 13:25:29 +0000

Barrons continues their analysis of Jim Cramer’s Mad Money stock recommendations. Bottom line is that their analysis confirms what I learned by experience back in 2006: Cramer’s stock picks are worse than just buying and holding index funds. They actually suggest that buying short-term in-the-money puts on Jim’s recommendations can make you money. They say, "Those bets could earn over 25% in a month, Chen concludes, at the expense of Cramer’s fans." Hmmmm, maybe I’ll try that.

Cramer Took the Risk Capacity Survey?

Paul Douglas Boyer — Tue, 07 Oct 2008 01:57:25 +0000

Today, Jim Cramer said that investors who need money within the next five years should not invest in stocks. Way to go Jimbo! You must have just taken the Risk Capacity Survey and gotten an Index Portfolio 5 or 10 for these folks. Yes indeed, if investors need money soon, either to buy a house or pay tuition, they should never, not in today’s market or in any other day’s market, invest in the stock market.

Cramer Apologizes for Apologizing

Paul Douglas Boyer — Sat, 04 Oct 2008 12:28:25 +0000

Also on last night’s Mad Money, Jim Cramer apologized for apologizing on Monday for recommending Wachovia. Confused? Apparently so is Jim. Two weeks ago he had Wachovia CEO Steel on his show. Steel talked completely positively about his bank. Cramer went along. Then when the FDIC fed Wachovia to Citigroup last week, Cramer apologized for saying nice things. Then yesterday when Wells Fargo bought Wachovia fair and square, Cramer apologized for apologizing, wearing on his chest the scarlet letter “J” which he said stood for “Jump to conclusions” or, later, “Jerk.” He removed Steel from his “Wall of Shame” and indicated that he should be up there instead.

Cramer: I Invest in Index Funds

Paul Douglas Boyer — Sat, 04 Oct 2008 12:21:15 +0000

Abby, a caller into Jim Cramer’s Mad Money show last night, asked whether now is a good time to be in index funds or to get out. Jim replied that he gives one-twelfth per month into his 401(k) and his daughters’ uniform gift to minors. “I don’t sit there and say, ‘Well wait a second, should I time it right?’” He went on to say that with the recent downturn in the market, he would be adding his December allotment right now, adding, “That’s how I trade index funds… I guess it’s not trading them, I invest in them as I have been investing with index funds since 1982. OK? That’s how I do my retirement account is index funds.”

So in answer to Abby’s question, yes now is a good time to be in index funds. As is every other time she might ask the question.

If your 401(k) account does not have access to broad market, low-cost index funds, contact your employeer’s retirement department and let them know you want to invest the same way Jim Cramer does.

Cramer Apologizes for Recommending Wachovia Days Ago

Paul Douglas Boyer — Wed, 01 Oct 2008 03:25:34 +0000

Did you see Jim Cramer on Mad Money yesterday? He apologized for having the CEO of Wachovia bank on his show and then recommending we buy the stock. If you bought it, you would have lost something like 80 or 90% of your investment. Check out the full story at Huffingtonpost.