<< Read Full Article
<< Read Full Article
Bulls were hoping the Federal Reserve would voice more concern about the economy Tuesday, and when it didn't, they got crushed, Jim Cramer said on CNBC's "Stop Trading" segment.
"People were somehow betting that the language about the temporary slowdown wouldn't be so temporary," Cramer said, referring to the economic assessment that accompanied the Federal Reserve's 15th straight quarter-point fed-funds hike earlier. "It's very here-and-now, so that particular language really poleaxed a lot of bulls and led to a big decline in financials, and I don't think it's over yet." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
Oil *
79.80
|
|
DOWN
37.19
|
DOWN
5.92
|
DOWN
16.87
|
UP
0.15
|
10 Yr
3.69%
SPDR Gold
108.28
|
|
-0.34%
|
-0.51%
|
-0.71%
|
+0.41%
|
Data delayed 20 minutes |
More From TheStreet
Latest HeadlinesBrokerage Partners
Sponsored Links


Connect with TheStreet