Jim Cramer says the market has already decided that the Federal Reserve 'will tighten and create a recession no matter what.' Fed MadMoney
The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently said that we are in a bull market, advising investors to buy the dip.The host of CNBC’s Mad Money show, Jim Cramer, believes that the market has already decided that the U.S. economy will be in a recession. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
last week. Stocks rallied following the Fed announcement. In addition, new data released Friday by the Bureau of Labor Statistics showed that 517,000 new jobs were added in January and the unemployment rate fell to 3.4% from 3.5%, hitting a level not seen since May 1969. However, Cramer noticed that the S&P 500 fell slightly on Monday morning.
Many people are not expecting the U.S. to slide into a recession. Treasury Secretary Janet Yellen said Monday on ABC’s Good Morning America: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years.” Moreover, global investment bank Goldman Sachs cut the probability of the U.S. entering a recession in the next 12 months from 35% to 25% Monday.
If we’re in a bull market, and I think we are, you have to prepare yourself … We have to prepare for the down days now because in a bull market, there are buying opportunities. He concluded: “Even if it doesn’t reverse today, well then, there’s always tomorrow, so don’t think of betting against it.”
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