11–20 of 40 posts
Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...
WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.
Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...
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
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
Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...
WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.
[1] https://www.youtube.com/watch?v=USKD3vPD6ZA
[2] https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...
For taking a position against another growth stock hype luminary, there exists an inverse Cathie Wood index you can trade: an ETF with the ticker SARK (“short ARK”). It has done quite well since its inception last year.
>done quite well since its inception last year. that probably doesnt say much though. what happens if its run since ark's inception?
Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...
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.
Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...
WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.
Edit: I looked at their site and it's clear that their business model is just to gather assets to charge fees on. Which is why they've developed strategies like Inverse Cramer, Pelosi Tracker, WallStreetBets -- these strategies don't have any alpha, they're just designed to catch the eye of retail traders.
Also this scumbaggery, from their website:
"$70M+ Assets Committed*"
Then way at the bottom:
"* = "Assets committed" refers to captured user behavior in attempted investments and not to assets being actively managed."
Earlier quoted context omitted.
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
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…
What's he doing on TV all the time then?
So, they tried a whole bunch of things, and even with the benefit of that lookforward bias, their final strategy still underperformed the S&P? Color me unimpressed. Edit: I looked at their site and it's clear that their business model is just to gather assets to charge fees on. Which is why they've developed strategies like Inverse Cramer, Pelosi Tracker, WallStreetBets -- these strategies don't have any alpha, they'…