Here’s Jim Cramer, legendary finance guy on the teevee, former hedge fund manager, universally hated by hateful people. In the segment below, which might get pulled by CNBC for copyright, Jim laments the weaker than expected earnings results — highlighting STM Micro and how they’re more important than Boeing.
Other things he said.
— The Fed should pay attention to slowing economy.
— Trump can’t talk market higher anymore.
— Eventually the consumer will absorb the cost of tariffs.
— We’re oversold, but hopes we go lower today to wash out sellers.
— Wished Trump would shut up.
To put some context on Cramer’s desire to shut Trump up, I think he means he wished the President would stop calling out the Fed. Like Trump, Cramer wants the Fed to stop hiking rates and believes Trump calling them out will only make them hike even more, just to show how independently stupid they all are.
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Please keep quiet Mr. Cramer. You sound like a child that got kicked out of a game. The US is potentially another Japan thanks to morons like you with their “they know nothing” rants. Jimmy boy, free markets are healthy markets. The US has no fucking semblance of such, due to 10 years of excessive government intervention, instead of holding companies and individuals accountable for not properly evaluating risk.
Appears China is willing to endure some pain in the meantime how much pain is a devided USA willing to endure? The White House (Trump has surrounded himself with some nasties so not just him in this) has embarked on what could turn ugly if a friendly face-saving solution is not found soon. Weak demand for treasuries, de-dollarization of trade, and a premium catalyst for change have been born of this so far.