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.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Last week’s rally is a reminder to watch for bounces during market downturns, Jim Cramer says'The most important lesson of last week is that you never want to get too negative,' the 'Mad Money' host said Monday. Dead Cat Bounce coming too
Source: CNBC - 🏆 12. / 72 Read more »