The Investment Scientist

Posts Tagged ‘jim cramer accuracy

Jim Cramer: “Watch TV, Get Rich!”

If you watch his show, you certainly would not forget the Top Ten predictions he made in January 2nd, 2008. Now that we are well into 2009, it’s about time to check the accuracy of his predictions.

On Goldman Sachs (GS)

Goldman Sachs (GS) makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.

GS lost 59.06% last year, 22% more than the S&P 500 Index.

On oil and Transocean (RIG)

Oil goes much higher, maybe as much as $125 a barrel… We are running out of oil more quickly than people can imagine, and that means great returns for oil companies. Just buy the stock of the company you filled up at today or buy a driller (Transocean (RIG) is my favorite), then sit back and make money.

RIG lost a total of 67.64% last year, 29% more than the S&P 500 Index.

On Arabic bailout of Citigroup (C)

The Fed arranges an Arabic Heimlich maneuver on Citigroup (C), so the banking giant doesn’t choke on the worst mortgage portfolio in the country.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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