Cramer: Useless talk about the Fed
Jim Cramer | [email protected]
I spend a huge amount of time analyzing what stocks do and why they do it. It is very difficult and time-consuming. Sometimes it bothers me that I have to work as hard as I do, but I need to figure this stuff out to write better columns and to do a better show on CNBC.
I find this Fed stuff to be a silly little parlor game that makes people sound so smart about something they absolutely cannot predict. It makes no sense at all to try to figure it out. It's like the weather two Fridays from now. You have that down?
We could certainly talk about it. Might rain. Might not. Could get cold. Might be warm. If it is warm, maybe we will go outside. If it is cold, we will put on coats.
How about talking about what matters? How could Google be down when it was so bulled up this morning? How did Apple get to $455? Why is Pfizer bouncing back? Can Gilead really just keep going higher? What's the story with Netflix, up $10?
You can create real value for people if you try to drill down on these kinds of questions. Often they will lead to dead-ends, to cul-de-sacs. Other times, they may not even be fathomable.
But this "Fed will" or "Fed won't" stuff? You shouldn't even be paid to try to nail that down. You are not adding any real value to the public discussion.
Disclosure: Cramer's charitable trust is long AAPL.