Jim Kramer here to share with you a sample of my take on the market from today's

CMEC Investing Club morning meeting.

I think that this market is a little ridiculous from the over because at quarter four, the market looked up and then we heard that the

so that a saudi gentleman is not going to buy more credit

suites and the Dow quickly dropped 500 points so what i'm saying is is that what you're seeing is

more of a reaction to europe and some pressure on our domestic banks than it and then it is to what's

happening here in part because treasuries have had a massive move,

but in the right direction, until last week we thought there's the right direction,

interest rates are going lower. Is it because of credit suisse or is it because of our banks,

Jeff? That's a great question. Definitely, it's a flight to safety today.

But, you know, at the same time, we are starting to get some cooler economic data,

whether it was the Goldilocks jobs number last week, the inline with expectation CPI yesterday.

PPI today actually fell 0.01% month over month compared to estimates looking for a 0.3% increase.

Retail sales much cooler than that hot number from January as well.

So right now it's kind of like a toss-up between what the Fed does at their meeting next week.

Do they do 25? Do they do nothing?

And pause?

Big debate going on right now. The big debate right now

is if they get away from doing 25, given the fact that a week ago they were going to go 50,

do they lose their credibility? If it's about credibility of the Fed, then they have to do 25.

If it's about credit and the country, then they should not be doing anything.

We have stock center portfolio that had been very good, let's say, bond equivalence with upside.

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