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Jim Cramer and Stephanie Link Wait Until Fed Acts Before Making Moves

Stephanie Link
Jim Cramer
7/30/14 11:35 AM EDT
TheStreet's Stephanie Link asks Jim Cramer how the market can be flat even after a 4% increase in the latest GDP numbers. Cramer thinks the reason is the market's fixation on the Fed and GDP numbers coming out on the same day as the Fed. A lot of the companies that are levered to GDP are doing poorly while stocks that are not, are doing relatively well. Cramer says "these numbers are an abstraction when it comes to picking stocks." Cramer doesn't think that the better GDP numbers will push the Fed to raise rates because housing, which Cramer says is horrendous, would be knocked even further. Cramer suggests waiting until the Fed acts before deciding what to do about this "confusing mess." -- Get Cramer's top stocks with Action Alerts PLUS Trade with him FREE for 14-days.

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