It's not for us to pontificate as to the maybe's of a market few people understand. What CAN be debated is whether Dr. Bernanke did the right thing by stringing the economy along for as long as he did before the gov't made its series of interest rate cuts. The market lost millions before the unsophisticated and reckless Bernanke and Fed got their act together.
In the middle of all this was a guy who I have followed for many years, who had, shall we say, a meltdown over tghe Fed's indecision. Jim Cramer, host of CNBC's 'Mad Money,' made one of the all-time incredible rants that you simply MUST SEE! Termed the "They Know Nothing!" rant, it set the stage for a sell-off unseen since 2001. If you get the chance, check it out - Cramer was right on with his opinions, as we watched the market absolutely annihilate itself. Say what you want about the guy, but HE WAS RIGHT!
In the middle of all this was a guy who I have followed for many years, who had, shall we say, a meltdown over tghe Fed's indecision. Jim Cramer, host of CNBC's 'Mad Money,' made one of the all-time incredible rants that you simply MUST SEE! Termed the "They Know Nothing!" rant, it set the stage for a sell-off unseen since 2001. If you get the chance, check it out - Cramer was right on with his opinions, as we watched the market absolutely annihilate itself. Say what you want about the guy, but HE WAS RIGHT!
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