Read it here first: 'Mad Money' Madness in NYT
It is a follow up to our Friday pieces, The Thin Green Line and Monitoring the 'Mad Money' Madness. That column was actually well recieved by journalism blogs; Most media are not that introspective, and do not take very critical looks at themselves.
The NYT piece is also worth a read. The article concludes that while the markets may have been going sideways for a while, Cramer's stock has risen.
And as several readers have pointed out, since Mad Money started last year, the Street.com's stock has had a nice rally:
click for larger TSCM chart
via Ritholtz Research
Ego Unleashed, or Everyman of the Market?
NYT, February 6, 2006
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"Mr. Cramer can be and has been spectacularly wrong."
I think that might be a slight understatement. You would have lost 99% of your investment if you had actually invested in his "stocks for the new world".
Posted by: Mark | Feb 6, 2006 10:33:13 AM
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