MORNING AMUSEMENT

In light of the one year anniversary (approximate) of the tracking site of Jimmy Cramer's mad money performance, I thought it appropriate to do a little homework and see exactly how Jimmy has fared. According to the site, Jimmy's performance is +2.9% which does not include commissions (892 stocks purchased) or slippage but does include a boost from the difference between the 4:00 close and the typical after market recommendation gap up. There is not much question that if you factor in those three items, the returns for the year would be negative.

An alternative investment, would have been the SPY, which closed on July 28 at 123.9 and closed yesterday at 126.21. In addition, one would have collected a dividend of $2.27 from the quarterly dividends for a total simple return of 3.7%.

Bottom line, no matter how good or bad you are, if you recommend 892 stocks over a twelve month period, you will not beat the market because of the simple reason that you are the market and once commissions and slippage are factored, one has no chance.

Bottom line, turn the TV's off when the rooster shows and STOP LISTENING. There is no edge to following his selections.