Financial Fruition has a pretty interesting article on Jim Cramer of CNBC. Cramer probably will not be sending FF a Chirstmas card anytime soon:
** "Jim Cramer and the ill effects of active trading and preaching to to a world-wide audience. "
** "Yes, Cramer says he is just giving advice to those that have side money and want to dabble in the market, but does he know if that person's portfolio is already overweighted in the sector that he is recommending a buy of a certain stock in that same sector?"
** "One thing I don't think is reflected in Jim's return at the above link, is the commission charges for executed trades, or the short term capital gains one would have to incur on a winning pick"
My take on Cramer? He is really smart BUT mainly a showman and I would be VERY VERY hesitant to take any of his advice. But that said, he is occassionally fun to watch, just don't fall into his short term trading trap.