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Another Jim Cramer Handpicked Guru Falls FlatIn the past when I visited Jim Cramer's web site, TheStreet.com, I remembered being puzzled seeing financial advice being offered by former Major League Baseball player Lenny Dykstra. Mind you, I never found his advice useful. He simply added to the noise of the day analysis of the stock market. He advocated risky trading strategies and often made unsubstantiated claims about the supposed profitability of his trading recommendations. It was clear to me that having a Dykstra column was simply a Cramer marketing gimmick to draw in unsophisticated stock market followers who happened to be sports fans.
Now comes word that Dykstra has filed for bankruptcy! How's that for solid proof of how his risky investing recommendations have turned out for himself and his followers? This ESPN article, written before Dykstra's bankruptcy was filed, is a detailed summary of Dykstra's dysfunction, including his rise to investment fame thanks to Jim Cramer. |
Members LoginTo access all premium content, members login here Search EricTyson.comListen to Eric's SongPaul Shaffer (below left) and his David Letterman Band recorded Eric's song which was written by Rock & Roll Hall of Fame song writer Jake Holmes. |