Jim Cramer the Coin-Flipper?

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 |  About: TheStreet, Inc. (TST)
by: David Jackson

"Mr. Cramer's stock market calls since May 2000 have low consistency and approximately coin-flip accuracy", according to a study by CXO Advisory Group. Specifically:

  • Mr. Cramer is right about 50% (25 out of 51) of the time with his stock market predictions...
  • His predictions sometimes swing dramatically from optimistic to pessimistic, and back again, over short periods.

Two comments:

  1. Not good for TheStreet.com (TSCM), which Cramer is the public face of. (Full disclosure: I'm short the stock. More on TSCM here.)
  2. Cramer had a great (though rocky) track record as a hedge fund manager. What's gone wrong?

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