NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- Signs that the economy may be weakening again, and
- Deciding what to buy now.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Mixed Signals Abound
Posted at 3:53 p.m. EST on Friday, Aug. 1, 2014
When are we ever going to stop being so Fed-centric when it comes to what principally drives stocks? It's profits. Both the macro and the bond and stock futures players don't ever have to worry about a conference call or an earnings estimate. They just like to holler and scream about whether Fed Chief Janet Yellen is ahead of or behind the curve. I get that. They don't relate it to companies because they are all up at 30,000 feet.
Me? I am on the ground and I can tell you that Russia is in control right now. The numbers of the industrials are clearly going to have to come down if things don't resolve themselves.
Now, I don't blame the people who yell about bonds for being confused or negative about Yellen's Federal Reserve. I want the Fed to be selling bonds into strength and moving on. The Fed doesn't need to raise the fed funds rate yet but it should be prepping us more in case the economy heats up.