"The Fed is not going to be the reason why we go into a depression. They want to stop that; they want to make it a recession. Sometimes, look, I was critical — just a couple years ago when Powell was talking about tightening, when the economy was actually getting weaker. [Now] he's so far ahead of the curve that it will be studied, we will be studying this period.
"We came in this morning, we had about a 50% retracement. Historically that's what traders expect to see. Now they thought they would see the market, become a bit more challenged, that's where it was going. Instead we got the surprise from the Fed, and with the Fed ready to be all in that got them a little bit excited, and that's why we're having this rally. Secondarily, you're getting a minor boost from a supposed agreement on cutting back oil production.
Without a vaccine this will last at least another year. Would you go to a ball game, restaurant, church service, school, etc... unless we have massive testing and a vaccine? The Fed will have to keep on boosting.
Who THE FUCK cares..
TradingNation Wall Street bailout is good for Corporate Socialists. We knew they were getting a bail out anyway. Bitcoin
TradingNation V recovery is 100% and bad timing for segregationist Joe Biden who lost his car keys today
TradingNation The big losers will be The American workers...again.
TradingNation The Fed is giving cash to junk bond speculators meanwhile people and small businesses can't get anything. Reminds me of a shittier 2008.
TradingNation I am happy to hear Cramers opinion, and think we need to trust the federalreserve at this time. They just need to make sure they continue to operate logically & not emotionally. In terms of the comments from Blackrock - I have no idea how companies can give reliable guidance...
TradingNation 12 year: QE, NO QE, TARP, ETF JUNK................
TradingNation Your entire network is a group of people who believe in corporate socialism, and who think they should be bailed out when they speculate recklessly and make poor investments. This is un-American and you should be ashamed. Absolutely disgraceful.
TradingNation Cramer is a joke. Sickening to see the fall of capitalism. Corporate socialism is now celebrated. Where did the Republican Tea Party go?
TradingNation Not all bank's are supporting us here in Paducah KY - we spent 20 minute's looking for the account application at the world Bank web site but there is nothing or they hide it from internet ipad user's - does anyone have there customer service phone
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