*Special* Smarter Money: The Fed Wants YOU!

 

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The Fed federalreserve wants you in this market. I can tell that even from the Arizona desert.

A Broker Rally Just Got Bigger With Rate Cut
Holy Greenspan! Federal Reserve Cuts Fed Funds Rate by 50 Basis Points
*Special* Smarter Money: The Fed Wants YOU!
Indices Quickly Boil Over With Glee
Treasuries Mixed After Fed's Rate Cut
The Fed Throws a Surprise, and It's a Party for Tech
The Fed surprise move today was all about changing investors' psyche. The Fed thinks that the banks are unwilling to lend. The Fed knows that investors don't want any risk, so it picked a day when the market would have gone up fabulously all by itself to take action. It did that to shut up the naysayers and to fool all those jokers who kept telling you that the Fed wasn't going to do anything (fortunately, I wasn't one of them).

While the market now seems extremely high from where it was just 10 days ago, that's how it always feels when it is still not too late to get in. You know my views; as I said before I left, "I love this market." The Fed's action only makes me love it more. Bravo to Alan Greenspan.

Back to the desert.

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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to jjcletters@thestreet.com.

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