For the record, Cramer has a HORRIBLE forecasting record. About a year ago he was on the cover of Barron’s magazine, which pointed out his bleak history of hardly ever getting anything right. He is entertaining to watch, but should be taken as a contrary indicator.
Also, at the height of the dot-com boom, he listed 10 stocks he recommended buying. Some time later, all but one was kaput or had plummeted in value.
Guys like Cramer and locally, George Chamberlin, need to be held to account for their record. Too often they escape scrutiny by a lap-dog press.