Fed officials are making everyone worried, that causes things to slow down, says Jim Cramer

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TRYING TO MAKE A LITTLE BIT OF MONEY. MY KNOB IS -- JOB IS NOT JUST ENTERTAINMENT, BUT TO TEACH YOU. SO, CALL ME OR TWEET ME. FINALLY, FINALLY, WE HAVE A MARKET THAT IS CONFUSING THE HECK OUT OF THE BEARS. WE JUST NAILED DOWN AN EIGHTH STRAIGHT UP DAY FOR THE DOW. EVEN THE NASDAQ, OKAY, IT DIPPED 0.3% AND THIS IS CONFOUNDING TO A LOT OF PEOPLE WHO DON'T UNDERSTAND THAT WHAT CERTAIN PUBLIC FIGURES SAY IS NOT NECESSARILY WHAT THEY MEAN. IT IS S THOUGH THE WHOLE THING IS CHOREOGRAPHED LIKE A NETFLIX SERIES, PROBABLY RATED NUMBER EIGHT ON THE NEW MOVIES PAGE, AND ALTHOUGH AS EXCITING MARKET STRENGTH IS FOR ME, ACTUALLY, THE LATTER IS NOT SO GOOD. SO, MAYBE YOU BETTER WATCH IT. LET ME DIRECT YOU TO THE GAME PLAN SO YOU KNOW EXACTLY WHY I SAY IT IS A NETFLIX DRAMA. I REALLY OUGHT TO GET YOU INVOLVED WITH WHAT IS IN MY HEAD RIGHT NOW BECAUSE I'M REALLY KIND OF TIRED OF HEARING THINGS AND NOT BEING ABLE TO INTERPRET THEM FOR YOU. FOR INSTANCE, MONDAY, THE PRESIDENT OF THE CLEVELAND FED SPEAKS AT 9:00 A.M. WILL BE WELL COVERED, OF COURSE. BOTH A HAWK AND A BEAR. HER TALK WITH PHILIP JEFFERSON, THE LEVELHEADED VICE CHAIRMAN OF THE FED BOARD OF GOVERNORS WILL GIVE NESTOR A CHANCE TO START TO ARTICULATE THE MOST NEGATIVE VIEW IMAGINABLE. I PREDICT IT WILL CAUSE A SELLOFF BECAUSE THERE ISN'T MUCH HAPPENING HERE, AND YOU WILL HEAR ENDLESS COMMENTARY AND NEWS CLIPS ABOUT HOW THE FED IS NEVER GOING TO CUT RATES. I WOULDN'T BE SURPRISED IF SHE TALKED ABOUT IN THE NEED TO RAISE RATES. THAT TYPE OF CHATTER FORCES PEOPLE TO DUMP STOCKS, FORCING EELS TO GO HIGHER. I KNOW IT MAKES IT SO THAT EVERYTHING IS UNSTEADY, AND THAT TAKES PEOPLE OFF-BASE, NOT UNLIKE THE MINNEAPOLIS INSTEAD PRESIDENT, WHO WAS THERE TODAY AND MADE PEOPLE FEEL GLOOMIER. I MEAN, THIS IS THE GAME. OR, THIS IS THE DRAMA, I SHOULD SAY. THEY WERE ALLEGEDLY FRETTING ABOUT THE FED'S SO-CALLED TIMELINE. WILL THERE BE ONE CUT, NOCO, TWO CUTS? THESE ED HEADS MAKE YOU FEEL LIKE THEY ARE NEVER GOING TO CUT RATES, SO THE AUDIENCE, EACH TIME, IS STUNNED. BUT, THE REAL STORY IS THAT THE LOUDMOUTH OFFICIALS MAKE EVERYONE CONFUSED. I QUESTIONS, WORRIED, AND AT TIMES PLAIN SCARED, WHICH CAUSES THE ECONOMY TO SLOW DOWN. THAT IS THE GOAL! SEE, THE SLOWDOWN BECOMES SELF FULFILLING, CAUSING A ROLL BACK IN PRICES SOMEWHERE. EVEN FROM HOME DEPOT, TO McDONALD'S, WHERE WE ARE HEARING TALK ABOUT A FABULOUS SHEEP OR ROLLBACK HAMBURGER. YOU SEE, THE MORE THESE FED OFFICIALS ENTERTAIN US WITH THIS COMMENTARY, AS LONG AS THEY KEEP US ON THE EDGE OF OUR SEATS, THE MORE LIKELY IT IS THE FED CAN CUT RATES IN THE
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Channel: CNBC Television
Views: 2,741
Rating: undefined out of 5
Keywords: CNBC, Mad Money, invest, investing, stock market, jim cramer, cramer, kramer, wall street, lightning round, investment strategy, retirement
Id: sFbMsNzxS30
Channel Id: undefined
Length: 3min 10sec (190 seconds)
Published: Fri May 10 2024
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