August 16, 2005
Mad Money Makes Some Mad
This morning Dick's Sporting Goods announced that it would not meet earnings forecasts and its stock fell significantly thereafter. Last night Jim Kramer, on his show Mad Money, recommended that his viewers buy the stock. The show does, at the end of the week, display its winners and losers but it would be interesting to balance the tally. Does $100 on each Kramer recommendation lead to more or less money by the end of the week? The show is high energy and positive, the callers are enthusiastic and supportive. The broker/dealers must love the show -- Kramer sends them clients. But what is the tally of a week's or month's recommendations? Where is the show that details, week after week, how small investors should not speculate in individual stock and how most lose if they do. Where is the colorful host that pillories the stock pickers and paints an honest picture of the winners and losers in our stock markets?
August 16, 2005 | Permalink
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