Markets were rescued today thanks to the rally in crude oil. However, the minor adjustment upwards in the price of crude will do nothing to stabilize the balance sheets of the countless companies currently under duress.
During tonight’s Mad Money episode, Jim Cramer delved into the topic that I’ve been so keen to elaborate on: Big mouthed Fed officials yammering on and on about the virtues of this ridiculous economy, suggesting that normalization (aka rake hikes) were not only the right thing to do, but vital– in our imaginary battle against the pangs of inflation.
Cramer not only denounces these action by the Fed, but also suggests their implicit actions might be at the vanguard of ambushing investor sentiment, which may very well cause the recession they’re so intent on avoiding.
Plainly, fuck the Yellen Fed.
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looking forward to your beware the Ides of March post m. Fly
We rally till the wheels fall off the gravy train.
DRV,EPV,EWV,FAZ,SDOW,TECS,UVXY,BIS
That’s so 2008.. FAZmobile is in Jay Leno’s garage as an antique talking piece. It’s not being raced anymore.
Yawn. Wall of worry, etc.
Quick. Someone send a psychologist or a psychiatrist to the FOMC to cure them of their hallucination, which turns them into Devil Dogs, pushing the market down. Try talk therapy first because it is less invasive. If that doesn’t work, try medication to cure hallucinations. They are hallucinating inflation that does not exist.
TheStreet.com and IBC should merge
All this talk about recession is going to send the market into the stratosphere. Everybody gets short and the market moves higher.
Cramer is right…but not for the reasons he thinks.