This blog post originally appeared on RealMoney Silver on Feb. 9 at 7:55 a.m. EST.
In the past, I have come to the defense of Jim Cramer against a host of media attacks. I do this not because I write for TheStreet.com -- I view myself as an independent person who speaks his mind regardless of the consequences -- rather I have defended Jim because I strongly believe that he provides a value-added contribution to the individual investor in navigating an increasingly difficult investment terrain.
Jim does this not only on CNBC's "Mad Money" but, importantly, in the publication of his books, Jim Cramer's Mad Money: Watch TV, Get Rich, Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer) and Jim Cramer's Real Money: Sane Investing in an Insane World, which provide more pensive analytical tools and recommendations in approaching one's investment portfolio.
Bullish media and Wall Street analyst hype are legendary and, to some degree, represent the proximate cause for many investment miscues on the part of individual investors whom have historically behaved in a Pavlovian fashion in their reaction to perma-bullish Pablum, so, when someone like Jim Cramer provides a more thorough and objective educational outline to navigating the market, it should be welcomed by the media, not criticized.Over the weekend, Barron's published the story, "Cramer's Star Outshines His Stock Picks." The thrust of the article is that "Jim Cramer's celebrity is bigger than ever" but the "stock picks featured on 'Mad Money' don't live up to the host's hype." The Barron's article is critical of his opinions on an enormous number of stocks and suggests that "in the days leading up to their mention on 'Mad Money,' stocks start to move in the direction of his recommendation. Post-mention, they revert to their previous trend, short-changing investors." The piece goes on to suggest that Jim's staff is "heavy-footed in their research" and the subject matter of many shows appear to be leaked because of that process.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV