Remember Jim Cramer ranting about the Fed? Remember how he struggled to retain coherence (when doesn?t he?) while raging, ?THEY KNOW NOTHING!?
Well, after the Fed lowered the rate another 50 basis points, Cramer is all googly and gushy and sunshine and roses. Now, Cramer says, ?All is forgiven.? He describes the Fed?s move as ?incredibly positive.? Then, quite unbelievably, he adds, ?We are basically out of the woods.?
Really???
This guy is either bipolar, schizophrenic, or the biggest knee-jerking jerk to ever call himself an analyst. Does he really believe the ?know- nothing? feds have fixed all that ails Wall Street with a couple of rate cuts? And when he says ?we? are out of the woods, of whom does he speak? His audience? Or his hedge fund buddies?
Oh well, we have to remember what Jimbo admitted in 2007: it?s all just a fun, lucrative game to him.
That?s the Word on the Street.