Follow the Mad Money….
In All the President’s Men, Deep Throat told Bob Woodward to “Follow the money” as part of his investigative efforts surrounding the Watergate break-in. So, is it any less reasonable for Deep Market to advise you to “Follow the Mad Money”?
Well, if you were referring to Jim Cramer’s “Mad Money” on CNBC, then you may want to do some serious due diligence before spending a great deal of time following the Mad Money. Jim Cramer is a wonderful personality. He is a smart guy. He is fun to watch. In fact, my 14 year old son refers to the show as the “Mad Monkey” show.
So, it was pretty interesting when I found the BOO-YAH BOY AUDIT! website. This site has been tracking Jim’s recommendations since the end of July (2005 – the show started this year). Heck, that is hardly long enough to make any judgments. But, what I will say is that there are a LOT of recommendations made by Jim – even within one show. As 23 Sept 2005 – they have tracked a total of 153 recommendations. Wow – that is a goodly amount of commissions. What is the performance of the portfolio (if you were to follow ALL of the recommendations)?
2.11%
Okay – is that truly “Mad Money”? I will leave that to the reader to decide. There are also forums, like CramersMadMoney – unauthorized discussion forum, to discuss the daily ranting of Mr. Cramer. Here you can continue to mix it up with other Cramericans after Jim has gone off the air.
So, as with all potentially hyped information sources – Deep Market says to “Follow the numbers” and keep checking Jim’s record, but enjoy the show.
Other DeepMarket Articles
- StumbleUpon Hurting for Money?
- DeepMarket on the Radio
- Kill the Termites
- The Physics of the Markets
- The Bermuda Troika – The Truth
Recommended by DeepMarket
- The Money Masters (LogisticsMonster)
- Fixing The Problem (Beautiful Sin Webmaster Resources)
- The Curse of the Market Leader (LEADS Explorer)
- The Rise of Mad Men (Beautiful Sin Webmaster Resources)
- Follow The Lead (Stephen G. Barr, Group Publisher)
