By now everyone has seen the CNBC spot where Jim Cramer lost it railing against the Fed for, "Not getting it," as his hedge fund friends go under one by one. Time to update our Jim Cramer scorecard.
How has Cramer's Action Alerts portfolio done year-to-date when compared to the S&P 500 index?
S&P 500 Index = +4.49%
Jim Cramer's AA portfolio = +2.26%
He is doing about half as well as a simple index fund. At least he isn't losing money.....that is, if we can trust his computations. He wouldn't be fudging on his entries and exits, would he?