Cramer's fund matches the S&P

Cramer is bragging about how his fund returned more than 20% this year- Equally the S and P and way behing the NASDAQ- big whoop.

Cramer matches the market. Wow.
 

I was watching CNBC last week, and saw an ad for Cramer’s action alert service. The text of the ad was something about how 2009 was a difficult year in the market, and how despite it all Cramer’s portfolio made more than a 20% return. They went on to suggest that you could share in these great returns by trading with Cramer is you paid for the privilege.

The ad seemed a little funny to me: 2009 was a terrible year for the economy, but not for stocks. I made a lot of money and so did everyone I knew. It turns out the S and P 500 was up 26% and the NASDAQ was up 46%. 

Makes you wonder why Cramer would be bragging about 20% and why on earth anyone would pay to match his mediocre performance and why people would listen to his blather every night.

 

Joshua Avram
Joshua Avram: MD, Wash U; BS, Yale. A noted cardiologist, the doctor applies his medical knowledge to his investing in large pharm and biotechs. The doctor has correctly predicted several very exciting biotech acquisitions over the past several years, including the acquisitions of Esperion (Pfizer), Amylin (Bristol Myers) and Imclone (Bristol Myers). The doctor is presently long Novo Nord

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