Cramer: Current Market Narrative Makes No Sense [TheStreet.com]
FedEx Corporation (FDX)
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Source: TheStreet.com
Cramer: Current Market Narrative Makes No Sense Overdone? Too tied to Washington? Too grim? We do seem to be back in the old paradigm of gridlock coupled with slow growth and cynicism, all of which combine to produce subdued markets. I have been adamant that this rally hasn't been just about the power of Donald J. Trump to effect change in Washington. I think the optimism the president has created in the business world through his endless pro-jobs drumbeat has been far more important for stocks than anything coming out of his attempts to work with Congress to change health care and taxes. The positive implications of deregulation coupled with better-than-expected profits have, in my opinion, been the impetus for the run. All that said, I totally recognize that my view is distinctly in the minority. Maybe on days like yesterday and this afternoon, a minority of one. So let's go over the narrative that's in control right now, the narrative of selling that produced yesterd
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