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Jim Cramer’s wrong — the Fed should talk valuations
The Federal Reserve raised some eyebrows on Tuesday when, in the central bank’s monetary policy report, it raised concern over the valuation of biotechs, social-media companies, and small companies more generally. Jim Cramer — and he was, and is, hardly alone — and others thought this was inappropriate. “I disagree with the Federal Reserve’s decision to single out a couple of sectors where expectations are too great,” he said, to quote part of his mini rant . “Next time, Fed Chief Yellen, it might pay to point out that there are plenty of cheap stocks out there, too. At least that way you can help us ... (full story)
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