Mad Money w/Jim Cramer 11/28/18
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 29 November 2018
⏱️ 45 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | My mission is simple to make you money. |
| 0:04.0 | I'm here to level the playing field for all investors. |
| 0:08.0 | There's always a more market summer and I promise to help you find it. |
| 0:12.0 | Man money starts now. |
| 0:20.0 | Hey, I'm a creamer. Welcome to Man Money. |
| 0:23.0 | Welcome to Creamerica. Other people want to make friends, I'm just trying to make you some money. |
| 0:27.0 | My job's not to stay entertained but to educate and teach you. |
| 0:29.0 | So call me at 1-800-743-CBC or tweet me at your creamer. |
| 0:33.0 | If we go into severe slowdown, don't you dare go blame in our valiant Fed Chief Jerome Powell. |
| 0:39.0 | Not after today. For the better part of two months, I said over and over again that he's way too bullish on the economy. |
| 0:45.0 | Today though, Powell did a complete about face. |
| 0:49.0 | He recognized the slowdown economy. |
| 0:51.0 | We've been talking about everything right out here. |
| 0:53.0 | Like any good Fed Chief, he seemingly changed his mind. |
| 0:56.0 | Hence today's magnificent rally. |
| 1:00.0 | With the Dow surging 618 points, the S&P in skyrocketing 2.3% by by by. |
| 1:08.0 | And the Nasdaq poll voted 2.5%. |
| 1:12.0 | How so pleasure. |
| 1:14.0 | What exactly did Powell do? |
| 1:16.0 | At the beginning of October he told us that interest rates might have to go up substantially because employment was running so hot. |
| 1:20.0 | He even used about needing to overshoot on rates to cool things down. |
| 1:24.0 | The result. The market went into bare mode. |
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