Maybe twelve years ago some clever guy set up an internet site where he pitted Cramer’s stock picks against those of Leonard the Wonder Monkey (Leonard was actually a program that randomly picked stocks).
Leonard won (just barely).
Cramer got so upset that he sued the guy and forced him to close the site down.
It isn’t that Cramer’s ideas are bad, it’s that they are very likely under the influence.
Most folks don’t know this, but most “guests” on CNN pay to be on the show. Very few people on CNN are invited there without being paid. I know this, because a financial institution I work with told me that their Economist was one of the only truly “invited guests”.
I worked for a boss who was trading constantly. He used expert stock brokers to help him and advise him with his trades. It was my job to record and track the results.
For an experiment, I took a pair of dice and if I got an odd number I would sell and if even I would buy each time my boss made a trade. After about a month I showed him the result. I would have done slightly better than he did.
Shortly after he stopped day trading.