An old Wall Street adage just got a fresh test.
"Don't fight the Fed" has guided generations of investors through rate cycles both gentle and brutal. This time, it came roaring back into the conversation after the central bank made its first major policy shift in more than three years.
Jim Cramer wasted no time translating what happened into plain language for viewers watching at home. His verdict landed within hours of the decision, and it was blunt enough to make anyone holding stocks in their portfolio pay very close attention.
Cramer delivered his warning on Sept. 16 on "Mad Money," just hours after the Federal Reserve raised its benchmark federal funds rate by a quarter percentage point to a range of 3.75% to 4%.
"If you buy stocks here, you're now officially fighting the Federal Reserve," Cramer said, invoking the old adage that ignoring it tends to hurt returns.
#wall
"Don't fight the Fed" has guided generations of investors through rate cycles both gentle and brutal. This time, it came roaring back into the conversation after the central bank made its first major policy shift in more than three years.
Jim Cramer wasted no time translating what happened into plain language for viewers watching at home. His verdict landed within hours of the decision, and it was blunt enough to make anyone holding stocks in their portfolio pay very close attention.
Cramer delivered his warning on Sept. 16 on "Mad Money," just hours after the Federal Reserve raised its benchmark federal funds rate by a quarter percentage point to a range of 3.75% to 4%.
"If you buy stocks here, you're now officially fighting the Federal Reserve," Cramer said, invoking the old adage that ignoring it tends to hurt returns.
#wall
1 day ago
