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Posts with tag SystemicRisk

Cramer on BloggingStocks: The Fed solved a big problem

TheStreet.com's Jim Cramer says Tuesday's action addressed the systemic risk, but not the earnings problems.

Oh, shoot ... the fundamentals. Remember them? The ones not covered by Caterpillar's (NYSE: CAT) (Cramer's Take) rosy forecast for 2010? Yeah, those bits and pieces called earnings?

That's how I always feel after a big rally day when I know the economy is slowing, not getting better. We get some terrific news from the Fed as we did Tuesday, and we want to sound the all-clear. Instead we have to now deal with companies' earnings, and we know from Wellpoint (NYSE: WLP) (Cramer's Take) et al and Texas Instruments (NYSE: TXN) (Cramer's Take) et al that the Fed safety net doesn't take everything in with it.

So what did happen yesterday? After pondering it for seemingly every waking -- and sleeping! -- hour since it happened, I am thinking that yesterday's Fed move took off the systemic risk of a major financial failure.

Continue reading Cramer on BloggingStocks: The Fed solved a big problem

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Last updated: November 22, 2008: 05:07 AM

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