Jan 22, 2008

Jim Cramer on the Fed's 3/4% rate cut

Today was the day the Federal Reserve finally blinked and woke up from its reckless stupor... Today may be the beginning of the end of this nightmarish market.

~ Jim Cramer, CNBC's Mad Money, January 22, 2008

(Without Tuesday's emergency move, Cramer said the market could have dropped 1,000 points or even 1,500 points. He said more cuts are needed to turn around the markets.)

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