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The Federal Reserve finally got it right by cutting its target rate 50 basis points, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
"There's no interpretation, this was just positive," Cramer said. "We have money flush from the sidelines." He believes that the financials will mount a recovery based on the Fed's move. "Bank of America (BAC Quote) will want to buy Countrywide (CFC Quote)."
"Fifty basis points is good," Cramer continued. He anticipates a market recovery thanks to the rate cut. ...
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