Commanders Post at The Warpath - View Single Post - The Most Fresh & Cordial Political Thread Ever

Giantone · 05-11-2022, 12:36 PM

https://news.yahoo.com/jim-cramer-sa...213000512.html

The S&P 500 is down 10% over the past month alone.

According to CNBC’s Jim Cramer, the recent plunge in stocks reflects a lack of investor confidence in the Federal Reserve. He says these investors believe that the Fed has lost control or is helpless to fix things given the state of the global supply chain.

But Cramer remains bullish — particularly on Fed Chairman Jerome Powell. “I think the consumer is strong. Jobs are plentiful,” he says. “Leaving the market is a mistake because Powell happens to be an incredibly thoughtful, good public servant who’s doing amazing.”

05-11-2022, 12:36 PM	#664
Giantone Gamebreaker Join Date: Apr 2006 Posts: 14,438	Re: The Most Fresh & Cordial Political Thread Ever https://news.yahoo.com/jim-cramer-sa...213000512.html The S&P 500 is down 10% over the past month alone. According to CNBC’s Jim Cramer, the recent plunge in stocks reflects a lack of investor confidence in the Federal Reserve. He says these investors believe that the Fed has lost control or is helpless to fix things given the state of the global supply chain. But Cramer remains bullish — particularly on Fed Chairman Jerome Powell. “I think the consumer is strong. Jobs are plentiful,” he says. “Leaving the market is a mistake because Powell happens to be an incredibly thoughtful, good public servant who’s doing amazing.” __________________ ....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread.