In 2005 he started “Mad Money,” a show whose premise is that individual investors who do their homework and follow Cramer’s coaching can make money in the stock market. ... Barron’s conceded that Cramer’s advice was “generally smart, his knowledge of individual stocks amazingly detailed” but calculated that his on-air picks trailed the market. This is debatable, since Cramer doesn’t give equal weight to all his recommendations and doesn’t normally tell people when to sell. ... There was also a clip of Cramer seemingly endorsing Bear Stearns, which collapsed shortly thereafter.
Cramer, like virtually every market guru, was vulnerable to this sort of ridicule.
John Stewart DEMOLISHED Cramer and if Chafets can't report that, he's worthless.
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