Through The Fly's Eyes: Jim Cramer

from Eric Buscemi of Theflyonthewall.com

Cramer's Stock Falling

In what comes as a surprise to absolutely nobody in my office, as we have all been forced to watch hours of the Mad Money host, Jim Cramer's stock picking show has been debunked by Barron's Magazine. You mean a single person can't consistently churn out dozens of winners each night, five nights a week, in addition to even more picks that he makes on other CNBC segments?

Barron's points out that "over the past two years, viewers holding Cramer's stocks would be up 12% while the Dow rose 22% and the S&P 500 16%, according to a record of 1,300 of the CNBC star's Buy recommendations compiled by YourMoneyWatch.com." Even without the "Lightning Round" stocks, using CNBC's more Cramer-friendly formula, Cramer's picks only beat the S&P by 0.4% in one month and 1.2% over two months. Not exactly a lot for someone that promises to make you "mad money."

One thing is certain -- this is not the type of publicity that General Electric's (GE) CNBC needs less than two months before the launch of Fox News business channel. Furthermore, I doubt this signals a "Buy! Buy! Buy!" for Cramer's own TheStreet.com (TSCM).