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

CMEC Investing Club warning meeting.

The Fed has basically said for the banks that are underwater in their bonds, and that's

the chief problem, you'll be able to borrow against that and fix it, but you may have to raise capital.

The Fed did not say the following, we'll make all

liquidity available. They did not guarantee all of the deposits away from these two

near Dewell banks. So, and that's First Republican and the Silicon Valley and signature

bank. Yeah, those are the two. They're not going to, you're still going to get your money if you're, it's, you're going to get your deposits. They're insured. Yeah, absolutely. And then some. Yeah. Look, I think if, if there's another bank under duress, I would assume that the Fed would do the same exact thing. But that's what I'm saying that they need maybe to do a second round. And that's why I'm going to tell you in this broadcast that a second round is probably necessary, which means that I can't tell you

to go by any bank shift. Right. And we'll get more into the banks in a moment. But just thinking

across the broader landscape, do have this flight to safety move happening here. Investors rushing into bonds,

gold. You have the two-year plummeting, the 10-year plummeting and yields, that is, of course.

It's raising the question, does the Fed stay put at their upcoming meeting March 22nd? We were saying

last week, 50's off the table. Now people are saying now, perhaps even 25 is off the table

and they pause. I think that's very right because we're going to have, this is a very deflationary

event. The Fed has been waiting for people to be laid off, well, they're going to be laid off

writ large because there's a lot of companies may not be able to get funding. What I think is really,

wow, that says that we know rise. That's two-year that the Fed's done.

I want to go back to Monday. If you knew that the Fed was done, you would be buying every single

stock in our portfolio except the banks. I think that's fair to say. You would buy an oil company

because their yields are so high.

And what my always-boremarket philosophy has to do with the fact that on the first day, nobody wants to buy anything.

On a second day, people start realizing, wow, let's just use this, I want to go away from the portfolio for saying,

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