> Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market?
Jim Cramer, before he was on TV, did well beating the market as a fund manager. So there is a good reason to believe he could. Whether he could televise his strategy to retail investors and funds looking to profit from retail investors and make his viewers money is a different question.
He beat the market according to him, with no evidence to back it up. Multiple analysis of his stock picks that I have seen have all found his picks to underperform the market.
Re:Building the Inverse Jim Cramer Index
by cuteboy19 on Saturday April 23, 2022 @03:13PM
(#31137431)
Inversing a pump and dump operation, provided it is well timed, can easily beat the market. Assuming that Cramer is a paid actor, this could probably be the case here
Re:Building the Inverse Jim Cramer Index
by vampiretooth1 on Saturday April 23, 2022 @03:24PM
(#31137543)
When you say, paid actor, are you proposing that Cramer is being paid by some fund to pump a stock that they already have a position in? I don't know, but I believe it'd be highly unlikely given that he had a pretty good career as a fund manager himself, probably doesn't need more money.
The article mentions (or links somewhere to this info) that there's no longer a Cramer pump, although there definitely was a couple years back
> probably doesn't need more money.
What's he doing on TV all the time then?
Re:Building the Inverse Jim Cramer Index
by vampiretooth1 on Saturday April 23, 2022 @03:39PM
(#31137711)
Having fun? What are rich founders doing that are still at the helm of their own company, what are rich fund managers doing that have already proven their merit?
Mostly making money because they don't know what else to do? Does anyone actually enjoy doing a ~daily tv show? Seems like a lot of work.
Re:Building the Inverse Jim Cramer Index
by askafriend on Saturday April 23, 2022 @04:56PM
(#31138457)
Well it takes a certain type of person...and I guess he's that person. I'm sure he likes the attention.
He probably also likes money. In my experience "has money" doesn't equal "can't be corrupt", to tie this back up a few levels in the thread.
Re:Building the Inverse Jim Cramer Index
by tomc1985 on Saturday April 23, 2022 @03:17PM
(#31137467)
WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.
Re:Building the Inverse Jim Cramer Index
by asperous on Saturday April 23, 2022 @03:27PM
(#31137581)
It was a YouTuber, possibly inspired by a 2012 stunt
[1] https://www.youtube.com/watch?v=USKD3vPD6ZA
[2] https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...
OP's linked site Quantbase shows a WallStreetBets tracking portfolio with detailed performance history: https://www.getquantbase.com/details?fund=r/WallStreetBets%2...
I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...