"I'm surprised the market isn't up more," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC. "This is monster. This is what I wanted."
He said that the
move to cut interest rates today is its way of saying "by any means necessary." "This is a watershed moment. This is
Fed Chairman Ben Bernanke saying, 'You might as well get on board, because we're not going to let anything bad happen again,'" said Cramer. "I've got to tell you, I thought this was great."
Cramer said that now the "dollar's going to go down," "the banks are going to fly," and "mortgage rates go to 3.5%." "Go buy some real estate," he said, "That's going to keep its value more than anything."
"This is big!" Cramer exclaimed -- so big that "I want to buy
At the time of publication, Cramer had no positions in stocks mentioned.
Jim 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. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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