That was exactly why markets initially greeted the decision with a rally and applause before the averages pulled back later in the day when investors rang the register. Cramer expected to see a selloff regardless of what the decision was, partially because the market had run up so much in anticipation of the event.
If the Fed had decided to raise rates, Cramer wouldn't have been surprised if the Dow took a nosedive down 500 points in a heartbeat. The dollar would have soared, emerging markets would have plunged and China would have cratered all because it was "time" for a rate hike.
Even this Dope gets it high prices are coming in commodities as some of the stock market inflation starts to creep into commodities.
As noted in a previous post, the Bloodbath phase will take place in October then we go long again or at least catch a bounce sometime in November December, until then enjoy the ride.
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