Barron's Bill Alpert takes apart Jim Cramer's record as a stock-picker. The headline: "Cramer's Star Outshines His Stock Picks," doesn't do justice to the injustice that Cramer does to investors.
As a kind of theater, Cramer's CNBC show has its moments--just as did the late Morton Downey Jr.--but even the Cable Gamer knows enough not to listen to his stock advice.
Here's the bottom line:
Cramer's recommendations underperform the market by most measures. From May to December of last year, for example, the market lost about 30%. Heeding Cramer's Buys and Sells would have added another five percentage points to that loss, according to our latest tally.
