Cramer: This market is split in two and only one part is worth owning right now

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We have a truly bifurcated market. One part is actually quite good. The other part is horrendous.

Hardly a day goes by without someone asking me, "Why do you like Jay Powell so much?" He will question whether I am somehow buddies with the Federal Reserve chair, or assume I knew him before he got the job. Nope. Barely knew him. I have spoken to him only once — and as part of a group — since he took the position in 2018.

That's too big until the earnings are better, which it won't be until there's more cost rationalization. Period. Any company as big as Amazon that's caught up in a recession is going to be worth less. It has to get the right multiple, that multiple has to go low, the earnings have to fall and only then will its multiple rise on faltering earnings but easy comparisons. In that sense, Micron is ahead of the mega-caps in the process of hitting bottom.

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Which part is worth owning?

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honestly I think you are full of Sh**T another American con job , You just bull sh*t to make money You can’t predict sh*t,

The one he says not to

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