06-16-2006, 03:07 PM
[quote davester]I don't know why you're ranting about cramer...his overall record is good. Also, his main mantra (perhaps you didn't hear it) is "don't buy any stocks, including the ones he rates, without doing extensive homework...detailed in his book".
He knows, and his audience knows, that most people don't listen to disclaimers. The gubmint tells you that you shouldn't drive past the speed limit, even produces proof that doing so is bad for your own gas mileage, but does anyone listen? Nah.
A large portion of Cramer's audience ignore his caveat and rely on his recommendations, and the objective record on that from, say, the last year or so isn't impressive. But the bottom line on my post above and this one isn't about one particular analyst, it's about all of them -- having a stock analyst tell you that AAPL looks attractive right now only tells me that said stock analyst has done the bare minimum of research, because anyone who has paid attention to Apple already knows where we are with their yearly buying cycles AND what they've already pre-announced AND what's incredibly likely (like an iPod refresh).
In short, professional analysts have a long and proud track record with AAPL: they're either dead wrong or they restrict themselves to "predicting" the really obvious. Relying on them to form your buying/selling decisions on AAPL is foolhardy IMHO.
He knows, and his audience knows, that most people don't listen to disclaimers. The gubmint tells you that you shouldn't drive past the speed limit, even produces proof that doing so is bad for your own gas mileage, but does anyone listen? Nah.
A large portion of Cramer's audience ignore his caveat and rely on his recommendations, and the objective record on that from, say, the last year or so isn't impressive. But the bottom line on my post above and this one isn't about one particular analyst, it's about all of them -- having a stock analyst tell you that AAPL looks attractive right now only tells me that said stock analyst has done the bare minimum of research, because anyone who has paid attention to Apple already knows where we are with their yearly buying cycles AND what they've already pre-announced AND what's incredibly likely (like an iPod refresh).
In short, professional analysts have a long and proud track record with AAPL: they're either dead wrong or they restrict themselves to "predicting" the really obvious. Relying on them to form your buying/selling decisions on AAPL is foolhardy IMHO.