Cramer thinks all rallies in oil should be sold, citing today’s clownishly high crude inventory build of 11 million barrels of oil. Also, he believes in the good grandmother, Janet Yellen, and her ability to empathize with main street, suggesting the Fed will strike a more dovish tone tomorrow.
He’s waiting for a fucking greenlight from a ridiculous Federal Reserve. It’s ridiculous, really.
You have to admit, Wall Street has done everything is can to change the path of the Fed. They’ve taken out all the guns and have been conducting a full scale propaganda campaign against further rate hikes for the past two weeks. Let’s see if the Fed bends the knee or stubbornly stays the course to annihilation.
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Big day tomorrow
We get our new voters in this statement. It will probably be the same old boiler plate with no press conference. This rally was all sort of silly, unless somebody heard something from the Bank of Japan (their meeting worries me so much this week).
Fed stays the course. King Dollar!
Raise rates and show them who’s boss.