BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cramer on BloggingStocks: The Fed solved a big problem]]>http://www.bloggingstocks.com/2008/03/12/cramer-on-bloggingstocks-the-fed-solved-a-big-problem/http://www.bloggingstocks.com/2008/03/12/cramer-on-bloggingstocks-the-fed-solved-a-big-problem/http://www.bloggingstocks.com/2008/03/12/cramer-on-bloggingstocks-the-fed-solved-a-big-problem/#commentsFiled under: , , , , , ,

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

Cramer on BloggingStocks: The Fed solved a big problem originally appeared on BloggingStocks on Wed, 12 Mar 2008 08:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>catcaterpillarfeaturedjim cramerJimCramersystemic riskSystemicRisktexas instrumentsTexasInstrumentstxnwashington mutualWashingtonMutualwellspointwlpwmWed, 12 Mar 2008 08:50:00 EST