The market's initial reaction to a Fed rate hike is 'almost always a head fake,' Jim Cramer says

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CNBC's Jim Cramer said Friday that the initial market selloff prompted by the Fed rate hike may point to a reversal in the coming months, based on past data.

The market had a big reaction this week following the Fed's latest move, Cramer noted – with a hard selloff on Wednesday, followed by a small comeback on Thursday and a chaotic session on Friday. While newfound turmoil in the European financial sector dragged down stocks early Friday, they recovered after European markets closed.on Wednesday, we have now had nine rate hikes in just over a year.

When looking at the previous eight rate hikes this cycle, the market reversed direction over the following month seven out of eight times.

 

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Usually rises back up again a few days after the fall, testing the investor's resolve

Someday. SOMEDAY! We will get business metaphors that are all about the glass ceiling and shopping for tampons and not about sports.

lmfaoooooooooooooooo the black kettle

Haha! In other words Crammer is saying. “If the market reacts this way I can say I called that and if the market reacts that way, yeah that’s right I called it.” CNBC’s Jim Crammer; often wrong but never mistaken.

Cramer has ZERO credibility

That’s a buy signal

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