UncleFred

Tracking Jim Cramer's Performance: January 2007 Stock Picks

Not included in this discussion of Cramer's January '07 picks and pans is his "Pick of the Year" for 2007, a pick he actually made first in December 2006, and repeated many times thereafter: NYX.

NYX was around $100/share when he made his pick. It is now around $62/share.

You would think at least his "Stock of the Year" could be relied on as a carefully researched pick. Yeah, sure, it is up to individual investors to pick and choose, but the point of this whole discussion is that Cramer does no better than the average investor. In point of fact he did substantially worse than I did, on my own. And I am STRICTLY an amateur, not an analyst (pronounce that anal ist), or a broker (well named, the name says everything).

If I can do better than Cramer, what are people watching him for? I assume just for the entertainment, kind of like watching a clown show.

I'm so glad to see that someone finally took the time to put Cramer's recommendations to some analysis (anal lysis).

Exxon's 2007 Tax Bill: $30 Billion

Let's all remember that Exxon-Mobil didn't in reality pay any taxes at all. We all paid that huge tax bill in the form of higher prices at the pump. Corporations never pay taxes, they just pass them on in the cost of their goods and services.

We'd all be way better off eliminating corporate taxes completely, and generating federal revenue exclusively from individual income taxes. Gross national individual income/federal budget = average tax rate. Sliding scale: those making the least pay a much lower percentage, those making the most (benefiting the most from our society and economy) pay a higher percentage. To file your taxes you look at one table. No exemptions. All sources of income count the same. This would give us a balanced federal budget every year, too.