I do watch Jim Cramer’s Mad Money, but I do not watch it for stock tips. I watch it for the investing learning experience. Though I consider myself rather savvy as an investor, I always learn something new about investing.
Cramer gives thumbs up or down to callers stock picks. The problem with his picks are that he influences stocks. If you watch the after hours trading or early next morning market trading you often see Cramer’s positive pick shoot up. So if you are interested in investing in one of his picks you can miss out on an initial percent or two. Sometimes, if you wait for the first couple hours of trading the stocks can come back to earth.
But does it really matter? To me, it currently does not because of my stock market views. I think the sky might be falling and getting out of the stock market is what I think is prudent. So if you are bullish, stick with Cramer; if you are bearish then forget about it.