CARNIVAL BARKER

Just a few more Cramer tidbits. In light of his prediction on Friday about the start of a bull market, I wanted to point out some of his other documented predictions. He has continuously been over optimistic with his forecasts. Even with the bull market that started in March of 2003, he has still been way to high with his DJIA forecasts. Read for yourself below:

On January 2. 2004, Jim predicted this for the Dow Jones Industrial Average as of December 31, 2004:

"Add up all my projected gains for the stocks in the Dow Jones Industrial Average and you get a price north of 11,300, which gives me my thousand-point gain -- at a minimum.
Not bad, not bad at all. "

The DJIA ended the year at 10,783, about 500 points lower than Jim's optimistic target.


On January 10, 2005, Jim predicted this for the Dow Jones Industrial Average as of December 31, 2005:


"Anyway, these target prices yield 12,547 for the Dow in 2005, which represents a 16% increase over where we are now. Not too shabby; in fact, it looks like another good year, especially if you are not a contrarian."

The DJIA ended the year at 10,717 a mere 1,830 points lower than what Jim predicted.

The bottom line is we had a nice bull market over the past 3 years and Jim has been far to optimistic and he never gave any predictions for Small Caps which is where the real action was.