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Mad Money’s Jim Cramer issues buy and sell recommendations to his audience on each show. Just how good are those recommendations?
Two professors at Northeastern University performed several statistical tests to see if Cramer beat an appropriate benchmark and whether he generated additional return for the risks he takes.
The result? He adds no value, nor does he hurt those who follow his advice. “He’s harmless,” concluded Professor Paul Bolster, who conducted the study with Emery Trahan.