GURU TIME

Here goes on Cramer and his DJIA forecast, overall damn good as he said 12,470 vs. the number as I type near 12,510. I commend him for the close call. The problem is how he got there as he made individual picks to get to his number. He got 4 stocks xactly correct- AXP BA JPM and PG. He was too bullish on 14 and too bearish on 12. Here are the details:

MRK predicted at 25 now 43.

AIG predicted at 90 now 72.

CAT predicted at 80 now 62.

DIS predicted at 28 now 35.

GM predicted at 10 now 31.

INTC predicted at 31 now 20.

MCD predicted at 36 now 45.

MO predicted at 105 now 86.

T predicted at 25 now 36.

XOM predicted at 64 now 77.

Interesting how crummy individual predictions yields dead on overall prediction.

And then of course there is the real stuff, his Action Alert portfolio which is up a whopping 6.97% as of this morning. That doesn't compare too favorably with IWM up 18%+ SPY+14, and DJIA +16%.