I thought he was the Miss Cleo of investments? Dr. Oz works too.
Cramer is a douche, but in this case I don’t think he is wrong. All he is saying is that if next weeks employment numbers are strong that it will seal the deal for a Fed rate hike, a hike that I think is a slam dunk anyway just on basis that they need to reload the cannon before it can be used in the future.
Doesn’t take the Amazing Kreskin to make that call.“Next Friday we get the Labor Department’s employment statistics, and if the numbers are strong, we are going to get a rate hike when the Fed meets a few weeks from now,” the “Mad Money” host said.
“To say that this one is important is to underestimate the most significant employment report of the year.”
-Jim Cramer
What makes this quarter intriguing to Cramer is that Citigroup recently released a note urging aggressive buying of Workday into the quarter, raising its target price to $89 from $76.
“You simply do not do that, you do not run the risk of being that wrong if you don’t have a bead on the quarter. I wonder if Aneel Bushri, the CEO and co-founder, doesn’t have some very big wins up his sleeve,” Cramer said.
Are we still talking about how they use a different statistic than they used to when reporting unemployment or have we given up on comparing apples to apples because reasons?