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Jim Cramer the Coin-Flipper? (TSCM)

Jun. 30, 2005 1:21 PM ETTheStreet, Inc. (TST) Stock
David Jackson profile picture
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 (ticker: TSCM), which Jim Cramer is the public face of. I've already pointed out that TheStreet.com's brand seems to be overly dependent on founder James Cramer, and that may be one of the factors putting off potential acquirers.
  2. Jim Cramer had a great (though rocky) track record as a hedge fund manager. What's gone wrong?

The CXO study is here.

Full disclosure: at the time of writing I'm short TSCM.

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This article was written by

David Jackson profile picture
I'm the founder and CEO of Seeking Alpha. Before Seeking Alpha, I worked as a technology research analyst for Morgan Stanley in New York. After I left, I wrote The ETF Investing Guide (which you can find by clicking on "Author's Picks" below), and some articles about individual stocks, and then started inviting other people to contribute to the website. Seeking Alpha is now the dominant crowdsourced platform for discussion of stocks and investing, and the only place with coverage of many mid and small cap stocks. I have a B.A from Oxford University and an MSc from The London School of Economics, and am married with five children.

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