Jim Cramer Tells Investors to ‘Bow Down to the Fed' and Beware of False Market Optimism

CNBC's Jim Cramer on Tuesday warned investors against buying unprofitable stocks due to unwarranted optimism about the stock market.CNBC's Jim Cramer on Tuesday warned investors against buying unprofitable stocks due to unwarranted optimism about the stock market.

"While I appreciate hope as a mindset, I'm not as confident as a lot of the buyers who are paying up. ... We are seeing a level of enthusiasm here that to me feels unjustified. We shouldn't be going back to a mentality where we like all stocks because so many of them will miss their numbers and still others will hit us with negative forecasts," the""Right now, we need to bow down to the Fed and the forces of inflation.

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