That would be nice, but suspect he is just a broken clock...right and wrong at random. But then I’ve never looked into it because I don’t listen to him.
> That would be nice, but suspect he [Cramer] is just a broken clock...right and wrong at random. <
About 15 years ago, some guy set up an internet contest, comparing Cramer‘s stock picks with those of Leonard the Wonder Monkey (Leonard was a computer program that picked stocks at random).
Leonard the Wonder Monkey won. It wasn’t by much. But Leonard won.
I tend to agree with you, it is probably mostly random. But a look at the outliers may tell the tale. He is paid to be on TV and cover his opinion of the big stock market stories. So when he is wrong he is spectacularly and dramatically wrong. It is also much easier for a stock to drop 20% than to jump 20%. You would need inside information to get in on a stock a day before it jumped 20%. You just have to miss earnings a small bit for it to drop 20%.
This doesn’t factor whether Cramer is taking money or trading favors to tout a particular position. It doesn’t have to be obviously corrupt either, for example maybe he has a friend who has a massive short position and that friend whispers something in his ear and Cramer then poo-poo’s the stock citing some “authority”. It is the “news business” after all they get their information from “sources” who aren’t altruistic.